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Originally Posted by frahse
Question: Did you say that right? 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.
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The source said the paywall alone was $150M and the entire Times digital operation was $300M. That is revenue, not profit, but it also says that those digital revenues are the only thing keeping the NYT corp afloat.
I'm not necessarily all gung ho about the deal, but I *am* open go the idea that the WP can maintain its reputation for quality news gathering and be at least minimally profitable. It's been a while since I was a subscriber but I never had issues with their service or their coverage so I have a larger store of goodwill for the paper and staff than other prominent papers.
