Is The Grey Lady Broke?

The NYT responds to Hirschorn. Henry Blodget looks at the NYT balance sheet and thinks the paper will have to cut costs. He suggests:

  • Cut costs at least 20% this year and 20% next year
  • Continue to raise subscription prices for the print edition
  • Explore charging $80-$100 a year for a web subscription

He adds: "The first two moves are no-brainers.  The third one, we realize, is sacrilege. We'll defend it in a future post." Web subscriptions are not going to work. Henry suggesting it makes one question the rest of his analysis.