Category Archives: NYTimes

NYTimes is Thriving (not failing!)

By Christopher B. Daly 

Contrary to what President Trump says, the New York Times is thriving — not just in terms of its original, fact-based reporting but the company (and just as importantly)  is also thriving in terms of its business. The Times is growing and profitable. The Times has found enough digital subscribers to carry it far into the future.

The Times, which may be the country’s most im-images

portant journalistic institution, is enjoying a “virtuous circle” of professional and business success in which each type of success reinforces the other.

Great reporting –> more readers –> more subscriptions –> more money –> more great reporting –> 

How do we know this? From the sworn, audited statements that the NYTCo is obligated, by law, to divulge to stockholders and other investors every quarter. Let’s look at some highlights from the company’s latest quarterly report:

–The paper set a record of more than 4 million total subscribers worldwide. They are in every country and continent (including Antarctica!).

–That number includes a more important record: more than 3 million subscribers who pay for a digital-only subscription. This is important because those people are probably going to be around a lot longer than then 1 million or so subscribers to the print edition. Not only that, but the digital-only subscribers are customers who can be reached by the Times virtually for free. To reach them, the newspaper does not have to buy newsprint, operate giant printing presses, and pay for fleets of delivery trucks.

–The growth in digital subscriptions is accelerating. The paper reported a net increase in the most recent quarter of more than 200,000 — the best quarter since the “Trump bump” in the period right after the 2016 election.

–Digital revenue (the money the paper gets from all those digital subscriptions) is also rising. In the last nine months, it topped $450 million — or over $600 million a year, which is probably plenty of money to operate the Times newsroom indefinitely.

Profits are up. Operating profits rose 30 percent in the last quarter to reach $41.4 million — or, well over $160 million a year.

–The stock price is up.

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NYT stock price 

Since Trump was elected in late 2016, the value of a share of Class A NYTCo stock has more than doubled.

At the Times, the business desk buries these stories, and the editors absolutely refuse to celebrate their good news or do anything resembling spiking the football in the end zone. But any way you look at it, the New York Times is not failing.

 

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Filed under Journalism, New York Times, NYTimes, Trump, Uncategorized

The NY Times’ bias problem

By Christopher B. Daly

Today’s front page of the New York Times presents a dramatic example of what drives some people crazy about the news media — hidden bias. Many people expect the Times to exemplify the 20th Century ideal of journalistic “objectivity,” a perhaps naive view that news should consist simply of facts. In this view, readers of such facts should draw their own conclusions, and the newspaper as an institution should restrict its opinions to the editorial page.

People who hold those views will surely be angry with the Times today for its handling of the Trump-birther story.

Here’s a photo of today’s print version of the Times’ page 1:

nyt-print

The lead story –the one judged by Times editors to be the most important of the day — is not a news story at all. It is a “NEWS ANALYSIS” that is marbled with blatant opinion and bias. The author, Michael Barbaro, obviously hates Trump, and his piece drips with contempt.

Yes, the Times applied a few fig leaves: the NEWS ANALYSIS line above the headline and the setting of the type in a “ragged right” format, rather than the “justified” columns that the paper uses for straight news. But a groggy reader at the breakfast table could be forgiven for expecting a news organization to lead with news, rather than opinion.

The Times did in fact carry a straight news story about the same event, but it was buried inside.

In the online version, things were different, but still exasperating for readers who expect unbiased news. Here is the homepage as of this morning:

NYT online.png

As you can see, the Trump analysis piece is re-contextualized and subordinated to classic Times-only stories: a tribute to a playwright whose work is essentially unendurable and a staff story from a distant hellhole. The Barbaro analysis piece is still there, now positioned in the lefthand column and still given precedence over the related news story. But notice that in the online format, editorials get equal billing with news. What the Times calls “The Opinion Pages” now occupy the upper right quadrant of the homepage — in the spot traditionally reserved in the old print layout for the day’s top news story. So, the reader who scans this page will observe first that the Times hates that liar Trump and second, that the news team follows the same editorial line.

For the record, Times editors insist that they are still following the rules of objective news. They insist that the editorial operation is totally separate from the news operation. They insist that their reporters are factual and fair.

Is it any surprise that some readers disagree?

Alternatively, Times editors might argue that “everybody knows” what Trump said, thanks to faster media. Therefore, the Times should offer readers something of value that they could not find elsewhere. There is some validity to that view, but the Times has not fully embraced that self-conception either.

[In my personal view, the Times faces a crossroads: rein in the opinion, or embrace it. The current approach is awkward at best.]

 

 

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Filed under Journalism, New York Times, news, NYTimes, Uncategorized

Monday media roundup

By Christopher B. Daly

Here are some recent comments worth thinking about:

–After seeing “Spotlight,” NYT Public Editor Margaret Sullivan expresses concern over the state of investigative reporting by the nation’s regional newspapers. (I guess “regional newspapers” is Timesspeak for papers that the Times respects but does not consider in its league — i.e., Boston, Seattle, Milwaukee.)

–“On the Media” views with dismay the current state of political rhetoric. The show even uses the L-word. (To listen, click on the link, then hit “This Week’s Show.”)

–On CNN, “Reliable Sources” host Brian Stelter went a few bruising rounds with Trump campaign spokesperson Katrina Pierson  on this Screen Shot 2015-12-07 at 3.17.01 PMquestion: “Is Donald Trump the “post-truth” candidate?” Pierson is one tough cookie, and expect to see and hear a lot more from her.

–The battle over ad-blocking rages on. I don’t like most ads, and I happily use an ad-blocking app on my iPhone. My only complaint is that some ads still slip through. Now, I am the first to say that the news business needs to work as a business if it is to succeed and do all the other

BADADSillo-master1050

Illustration by Sam Manchester for NYT

things we want from it. My solution: allow customers like to pay more — even a lot more — to pay the full freight of news-gathering and eliminate the need for advertising altogether. This approach, which is reflexively pooh-poohed by certain people, has worked in the past: it was the basic model in the 18th century, and it has worked for I.F. Stone, for a lot of investment newsletters, and for a few others. Any takers?

–Finally, RIP to M. Roland Nachman, who was on the losing (and wrong) side of one of the landmark First Amendment cases in U.S. history — the Sullivan case of 1964. He seems to have been a decent fellow, but he was still wrong. Read more in my book, Covering America, at pages 312-13.

 

 

 

 

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Filed under CNN, Covering America, Journalism, media, NYTimes, political language, Politics, Uncategorized

Monday round-up

By Christopher B. Daly

As a public service, I am rounding up some recent reports and commentary about journalism and history.

Here is a new report from our friends at Harvard’s Nieman Foundation, asking:

Where are the women in the executive ranks of the news media?

Good question.

Here’s the latest episode of NPR’s “On the Media.” This week’s show looks at the decline in “beat reporting.” Any thoughts from my JO310 alumni?

Here’s the latest episode of CNN’s “Reliable Sources” — much improved since Brian Stelter replaced Howie Kurtz. So, should news organizations censor ISIL’s propaganda videos? I say, yes.

And from the NYTimes. . .

Here is B.U. Prof. David Carr on TMZ’s sacking of the NFL.

Here is a confusing story about NPR doing “live” shows. (Isn’t all of NPR live?)

Here is a story about the sale of Digital First Media. Want to buy a newspaper? (I don’t mean one copy, I mean a whole paper!)

Here is an update on the Hachette-Amazon brawl. I am still not sure which side to join in this one.

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