Everyone in the news business feels a sense of urgency these days, as well they should.
But there’s urgency, and then there’s panic. The Times’ innovation report, which made a splash when it was leaked during the controversy surrounding Jill Abramson ouster, at times overstates the precariousness of the Times’ digital position and smacks of the latter.
The report’s dire tone, suggesting that the Times is losing out to more nimble upstarts, led some, like Frédéric Filloux, to suggest the paper needs to blow up its business model and go digital-only right away. That’s not going to happen, nor could it—yet.
The NYT’s giant newsroom costs somewhere around $200 million a year, and its
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