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🔎
New York Times running on fumes
OpposingArgument
1
#21259
The New York Times (NYT) is approaching the point where it will have to manage its business primarily to conserve cash and avoid defaulting on its debt.
CONTEXT
(Help)
-
The Future of Newspapers »
The Future of Newspapers
The Future of Newspapers☜The global financial crisis has brought the newspaper industrys structural problems to the fore as it responds to the changing competitive environment in the digital era. What does the future hold for newspapers and for the journalism they enable and support?☜F1CEB7
▲
What strategies are open to newspapers? »
What strategies are open to newspapers?
What strategies are open to newspapers? ☜What strategies are open to newspapers?☜FFB597
▲
Seek to capture premium available for high quality »
Seek to capture premium available for high quality
Seek to capture premium available for high quality☜Some newspapers may be able to generate sufficent revenue to cover their costs by producing a higher quality product sold at a higher price—offering more in-depth and more analytical coverage, to complement the immediacy of your free Web site.☜59C6EF
▲
Premium for quality highbrow newspapers still viable »
Premium for quality highbrow newspapers still viable
Premium for quality highbrow newspapers still viable☜There may still be space in the market for highbrow and popularlist papers—with papers situated between the two poles being the most vulnerable to failure. Highbrow papers should be able to raise their prices to cover their costs so long as they offer a premium product that justifies the price.☜9FDEF6
■
New York Times running on fumes
New York Times running on fumes☜The New York Times (NYT) is approaching the point where it will have to manage its business primarily to conserve cash and avoid defaulting on its debt.☜EF597B
●
Distressed selling of key assets »
Distressed selling of key assets
Distressed selling of key assets☜The New York Times has been forced to consider distressed selling of key assets such as the Boston Red Sox and the Boston Globe.☜FF97FF
●
New York Times Company debt reduced to junk status »
New York Times Company debt reduced to junk status
New York Times Company debt reduced to junk status☜The New York Times has been battling to avoid defaulting on some $400million in debt—and has more than $1billion in debt already on the books, only $46million in cash reserves (in October 2008), its existing debt reduced to junk status and no clear way to tap into the capital markets.☜FF97FF
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+Citations (
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[1]
New York Times (NYT) Running On Fumes
Author:
Henry Blodget
Publication info:
2008 October 28
Cited by:
David Price
8:04 AM 27 June 2009 GMT
URL:
http://www.businessinsider.com/2008/10/new-york-times-nyt-running-on-fumes
Excerpt / Summary
"Not sure how it came to this so fast, but the New York Times (NYT) is approaching the point where it will have to manage its business primarily to conserve cash and avoid defaulting on its debt. This situation will only get worse as advertising revenue continues to fall, and it will be very serious by early next year."
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Entered by:-
David Price
NodeID:
#21259
Node type:
OpposingArgument
Entry date (GMT):
6/27/2009 8:03:00 AM
Last edit date (GMT):
7/2/2009 10:04:00 PM
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CONTEXT
(Help)
-
The Future of Newspapers »
The Future of Newspapers
The Future of Newspapers☜The global financial crisis has brought the newspaper industrys structural problems to the fore as it responds to the changing competitive environment in the digital era. What does the future hold for newspapers and for the journalism they enable and support?☜F1CEB7
▲
What strategies are open to newspapers? »
What strategies are open to newspapers?
What strategies are open to newspapers? ☜What strategies are open to newspapers?☜FFB597
▲
Seek to capture premium available for high quality »
Seek to capture premium available for high quality
Seek to capture premium available for high quality☜Some newspapers may be able to generate sufficent revenue to cover their costs by producing a higher quality product sold at a higher price—offering more in-depth and more analytical coverage, to complement the immediacy of your free Web site.☜59C6EF
▲
Premium for quality highbrow newspapers still viable »
Premium for quality highbrow newspapers still viable
Premium for quality highbrow newspapers still viable☜There may still be space in the market for highbrow and popularlist papers—with papers situated between the two poles being the most vulnerable to failure. Highbrow papers should be able to raise their prices to cover their costs so long as they offer a premium product that justifies the price.☜9FDEF6
■
New York Times running on fumes
New York Times running on fumes☜The New York Times (NYT) is approaching the point where it will have to manage its business primarily to conserve cash and avoid defaulting on its debt.☜EF597B
●
Distressed selling of key assets »
Distressed selling of key assets
Distressed selling of key assets☜The New York Times has been forced to consider distressed selling of key assets such as the Boston Red Sox and the Boston Globe.☜FF97FF
●
New York Times Company debt reduced to junk status »
New York Times Company debt reduced to junk status
New York Times Company debt reduced to junk status☜The New York Times has been battling to avoid defaulting on some $400million in debt—and has more than $1billion in debt already on the books, only $46million in cash reserves (in October 2008), its existing debt reduced to junk status and no clear way to tap into the capital markets.☜FF97FF