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The New York Times logo is seen on the headquarters in New York City. How much longer does the newspaper of record have left?
And for pretty much all the other newspapers, as well. I'm not sure if I totally buy that argument-from-armageddon — local papers may be able to make a go of it, while big national dailies could be in trouble. But you can get very worried about the Grey Lady's future if you run through Eric Jackson's brief yet decimating PowerPoint at Forbes.
Here's the presentation. It's worth flipping through the full deck.
The real issue continues to be one of structural decline and a profound disruption of the business model of newspapers. The idea that the brand — the New York Times, for example — can simply migrate to the web and keep on keepin' on is now being aggressively questioned. Yes, we could have a "New York Times" online that does what the print product did for O! those many years. But the revenue won't support the business of the New York Times Company.
It's sobering to see it laid out so succinctly, as Jackson has. For the record, he says the NYT has a date with destiny in 2015. Management will spend 2014 confronting a negative cash position. So, two short years until the reckoning. Other big papers — the Los Angeles Times naturally pops to mind — may hit the wall sooner.