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The Future of the New York Times

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The Future of the New York Times

What Arthur Sulzberger can do to revive the failing newspaper whose “financial performance is lagging’’

The New York Times has been guided by the Ochs-Sulzberger family for four generations since 1896. The newspaper has been through innumerable family crises, wars, strikes and recessions. The newspaper sales have declined steadily due to the rise of social media and online alternative media. Arthur Sulzberger has spent a lot of money to add new sections in the newspaper such as crosswords. He has broadened the distribution of the newspaper from its home city to the entire country. The New York Times needs to move to the cyber space where customers can access the newspaper using other platforms such as the iPhone. The cost of the newspaper has been subsidized while still valuing good journalism. Sulzberger has been fighting for reporters' rights who are charged for refusing to divulge confidential information to prosecutors. This has compromised the quality of journalism since reporters are charged and jailed for doing their work. Sulzberger needs to advertise the newspaper so that they can restore their competitive parity. The newspaper needs to introduce foreign language editions so that they can capture a larger market globally. He needs to invest in television by collaborating television professionals with print reporters so that they can produce much fine work. This will help the company move beyond high production costs to a digital cable channel which is operated in partnership with the Discovery Communications Inc (New York Times, 2005). In order to ensure the continuity and future of the newspaper the company needs to master the key skill sets which are vital for survival. They include internet, print and video. Sulzberger has acknowledged that these are tough times for the

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