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Originally Posted by fjtorres
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. |
Question: Did you say that right?
Quote:
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The NYT paywall is currently generating on the order of $150M and their digital efforts are generating over $300M a year.
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Shouldn't one of those be "print?"
Other than that question, I bow to your financial know.
On Ellison, did you know that a "village" was also included in the "island" package, as were some Pineapple farms so the natives could keep their jobs. It seems like he acquired 87% or so of the island. Some Govt stuff might have been excluded.
Now on the future for the NYt and WaPo --- I don't see as rosy a picture as you do. The real test will be if and when the NYt and WaPo go to a real wall like the WSJ. The current ones are so porous as to be laughable.