How to Save The New York Times, Let’s Buy the Newsroom
On The New York Times op-ed pages yesterday there was an opinion piece about setting up a $5 billion endowment to perpetually provide the Times with a $200 million annual payout to support the newsroom. I have a better idea.
Right now the Times has approximately a circulation of about 1 million. To have it delivered can cost a subscriber as much as $600 a year. What if The New York Times said we want to put the newsroom into a cooperative trust ...
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The article itself is short and well done, but the real value is in the comments. The author and those leaving comments engage in a high-level discussion about the topic of news room ownership that brings to light other points of view and help me re-evaluate what I've just read. It's a great format for this kind of thought experiment.