Quote:
Originally Posted by frahse
Personally, I like the island idea the most.
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Me, too.
But there's only so many Hawaiian islands to go around and the locals might object.
The WP lost about $11M operationally. The rest were pension costs.
Those numbers were racked up, pre-paywall, however.
The NYT paywall is currently generating on the order of $150M and their digital efforts are generating over $300M a year.
http://www.cjr.org/the_audit/the_nyt...-a-year_pa.php
The WP won't do anywhere near that well but they need but a quarter of that to get to breakeven.
It won't happen overnight so there *is* some red ink ahead but the WP isn't a zombie. The brand and rep can probably carry them through the transition to digital just fine.