The New York Times Has Lessons For Others Making the Slow Transition To Digital

mattydread23 writes "You may not think your business has much in common with the New York Times, but the newspaper is a perfect example of how to maintain investment in a large but declining legacy business while simultaneously investing in new areas that will drive future growth. Surprisingly, 10% of the paper's revenue now comes from digital subscriptions and other all-digital products (not including advertising)."

Comments

Does not apply to most papers

[Princeofcups]

Most papers are local. News about a small city or region. New York Times is not only national, it's international, if you ignore all the NY pretentiousness. The NYT can make it on the internet with this model, but most papers cannot. For any local paper, there just aren't enough subscribers to make it a viable business model. Even papers from larger cities like Chicago, LA, Houston, etc. are having issues.

Re:The NY Times overlooks the fundementals

[dmitrygr]

Am I really the only one who permanently blacklists any website that has "video" news? Video requires 100% of my attention, and probably headphones, to avoid distracting all those around me. It also occurs at your speed. I can read faster than you can talk, and it does not distract anyone around me.
If i want to *SEE* what happened i'll go to youtube
On a news site I want to *READ* about it!