Friday, December 16, 2016

New York Times Busted









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Furthermore, the NYT publisher and CEO will lose their corner offices, which they call a "vestige from a different era" and will "introduce more team rooms and common spaces."


New Digs


Krigman's WeinersRemember when The NYT reported that its ad hoc campaign to boost revenue by selling subscriptions in response to the vicious back and forth with Donald Trump, was said to be a smashing success? Perhaps it was subscriptions for the crossword puzzle because it appears the monetary success was not smashing enough, and according to a just released note from executives Arthur Sulzberger and Mark Thompson, the newspaper will vacate at least eight floors in its iconic building, allowing it to "generate significant rental income" because it is "frankly, too expensive to occupy this many floors when we don’t truly need them."

Maybe the lesson here is that when the newspaper business model no longer works, one can just pivot into a REIT?

The remaining staff will be consolidated on the remaining, redesigned floors in a "more dynamic, modern and open workplace, one that is better suited to the moment."

Furthermore, the NYT publisher and CEO will lose their corner offices, which they call a "vestige from a different era" and will "introduce more team rooms and common spaces."

Thank you Thank you Thanks you.  Next Big Name reag to fail?  I say the WaPost.

4 comments:

Tom said...

wapo sold its flagship hq on 15th Street and other buildings on that block and moved into substantially smaller rental space.

Rodger the Real King of France said...

Really? When? Clap Clap Clap

Maybe they moved into the old Washington Star/ Times bldg on NY Ave.

Anonymous said...

Oh, I misread that. I thought you said "Coroner Office" ...

Cheesy said...

Didn't know they built 9-story buildings in NYC...

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