“Internet is a wonderful place to be and we’re leading there,” Arthur Sulzberger Jr., publisher of the Times, told Israeli newspaper Haaretz. The Times now has more readers online, 1.5 million a day, than the print newspaper, without the huge capital expense of expanding its printing operation.
Sulzberger is betting that the online version of the Times, The New York Times reader, developed with Microsoft, will be a big hit. Sulzberger said “we live in the Internet world.”
The newspaper’s profits have been declining for four years. Sulzberger is contemplating charging for the Times reader, now offered free in beta.
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1 comment:
Good post! If anyone's still wondering where the news industry is headed, this should settle the matter.
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