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$5bn endowment for The New York Times

A endowment of around would be sufficient to support the news-gathering operations of The New York Times.

RELATED ARTICLESExplain
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The Future of Newspapers
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What strategies are open to newspapers?
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Turn newspapers into nonprofit, endowed institutions
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How large an endowment would a newspaper need?
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$5bn endowment for The New York Times
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5% annual payout rate (assumed)
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Additional outlay for overhead
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Incremental revenues from hard-copy sales
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Incremental revenues from online subscriptions
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News-gathering costs The New York Times around $200m a year
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$2bn endowment for the Washington Post
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