New York Times to Cut 100 Newsroom Jobs, Invest in Its 'Digital Future'

For this board's breathless fans of The New York Times.
Even it has deigned to start evolving.

http://www.newsmax.com/Newsfront/media-newspaper-New-York-Times-job-cuts/2014/10/01/id/597929/

 

Should I tweet that? /Baquet

 

You forgot to mention that it's "investing in its digital future" in part by shutting down one of its major digital initiatives, an NYT opinion app, because of lack of interest and subscribers.

 

Should be a nice six-figure package for the people who get bought out. It usually is.

I've said this before -- seeing NYT cutbacks as a sign of the industry's decline is like waiting until the attractive white cheerleader overdoses to decide the high school has a drug problem.

 

I thought that was inherent.
I have great contempt for the Times.
But as John Adams said of Alex. Hamilton when he was killed:
"No one wished to be rid of him that way."

 

Yeah I wasn't addressing you. I've just been seeing this on my FB feed and elsewhere as OH MY GOD THIS IS TERRIBLE FOR JOURNALISM

 

I was talking to Crosote, bud. Carry on. And keep reading the Times! It's all we have left!!

 

What a ridiculous graphic.

Seeing it you'd think the stock went up about 700 percent. In reality it's up 10 percent.

 

It's not a good day for the business. I'm afraid it's something that was inevitable. A lot of good journalists have been cut.

 

That's how stock market charts like that always look. It's representative and appropriate, I think, of a set of people who think that even the most incremental change in their world is an epic event.

 

It's crazy to think that 100 employees is only 7.5 percent of the newsroom.