Fish Wrapper Blues

At Newspapers, Some Clipping – New York Times

"Mr. Ridder, for one, said he had to "divert more resources to the parts of the business that are growing," a choice that is bad news for print. "We will not have the resources to put into the core business," he said. Mr. Singleton explained the calculation. "By 2010, we could be generating half our operating profit from online," he said. "That will cause us to add to our online resources and shift down on print. That’s bad if you’re in print and get laid off, but it’s not necessarily a bad thing for the paper or the industry.""

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