Comments on: NYT Exec: We're Keeping the Stock Structure http://citmedia.org/blog/2006/12/07/nyt-exec-were-keeping-the-stock-structure/ Sat, 24 Oct 2009 22:49:29 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Eric Eldon http://citmedia.org/blog/2006/12/07/nyt-exec-were-keeping-the-stock-structure/comment-page-1/#comment-851 Eric Eldon Thu, 07 Dec 2006 19:52:36 +0000 http://citmedia.org/blog/2006/12/07/nyt-exec-were-keeping-the-stock-structure/#comment-851 Yes! Wall Street's interest in the The Times or any other media organizations has so far not been defined by a desire to see constantly improving journalism, but by a desire to see constantly increasing profits. As the business models of these organizations undergo fundamental changes, the focus needs to be on new forms of journalism, even if that means a short-term drop in profits: meeting readers' needs is the only way that they'll stay in business. This news is a relief to me. Yes! Wall Street’s interest in the The Times or any other media organizations has so far not been defined by a desire to see constantly improving journalism, but by a desire to see constantly increasing profits.

As the business models of these organizations undergo fundamental changes, the focus needs to be on new forms of journalism, even if that means a short-term drop in profits: meeting readers’ needs is the only way that they’ll stay in business.

This news is a relief to me.

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