New York Times Reports 95.7% Fall in Profits - Politics Forum.org | PoFo

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#14731991
The New York Times Co reported a 95.7 fall in quarterly profit, hit by restructuring charges related to headcount reductions.
Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier.
Revenue fell to $363.6 million from $367.4 million.
The company, struggling to transition to digital, said online ad revenues grew 21.5 percent and now account for more than 35 percent of its advertising receipts.


Read more: http://www.dailymail.co.uk/news/article ... z4Os7m0OXF
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I didn't notice them mentioning all the people who have probably dropped the paper over its ridiculous bias and leaks about it collaborating with the DNC.

If they filled the side panel with click bait white girls in bikinis like the Daily Mail they would probably be doing better ;)
#14732032
Most young people in America are getting their news online. I think it's getting old-fashioned to read or subscribe to real news papers. What I see on commuter trains is a bunch of people handling their cellphones and only few people are reading newspapers or magazines they bought.

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#14732041
Market collapse is not far away. But the media will raise again when people understand importance of the service and revalue it.

If you want the media to deliver you news and true information constantly, you have to pay for the service.

Online news market is also not profitable. Most people do not understand how it works so refusing to pay for it.

Those websites offer services to you and expect you to pay for their services. If you don't value their service, they will all close. And it will left us with social media which is full of lies and teenagers.
#14732055
Their core paying audience remains the 'hard copy' crowd. They've been doing everything to get them to switch to digital, which is when they eventually stop paying and move to the free alternatives. Social media giants like Twitter and Facebook also siphon off ad revenue from these newspapers.
#14896345
Istanbuller wrote:Market collapse is not far away. But the media will raise again when people understand importance of the service and revalue it.

If you want the media to deliver you news and true information constantly, you have to pay for the service.

Online news market is also not profitable. Most people do not understand how it works so refusing to pay for it.

Those websites offer services to you and expect you to pay for their services. If you don't value their service, they will all close. And it will left us with social media which is full of lies and teenagers.

Not likely to play out that way.

The issue is the 'free rider' effect.

Few pay but many benefit from the product. So the marketplace is incapable of handling the provision of such a service, in the age of the open internet.

It's actually a rather intractable problem, as far as I can see.

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