The future of actual, credible journalism
The gulf between The Times and the rest of the industry is vast and keeps growing: The company now has more digital subscribers than The Wall Street Journal, The Washington Post and the 250 local Gannett papers combined, according to the most recent data. And The Times employs 1,700 journalists — a huge number in an industry where total employment nationally has fallen to somewhere between 20,000 and 38,000.
“The New York Times is going to basically be a monopoly,” predicted Jim VandeHei, the founder of Axios, which started in 2016 with plans to sell digital subscriptions but has yet to do so. “The Times will get bigger and the niche will get nichier, and nothing else will survive.”
Times executives say they are also looking for a way to help out their weaker cousins, given the threat that the collapse of local journalism poses to democracy.
“But as they say in the airplanes, put your own oxygen mask on first before you start to help others,” said Mark Thompson, the newspaper’s chief executive.
Ben Smith, Why the Success of The New York Times May Be Bad News for Journalism. These are just teasers. I rcommeend the whole article.