The Future of the New York Times

Group will examine how newspaper and Online news agencies exist together.

A steady drop of sales and profits at major newspapers comes at a time when readers are demanding more variety.

(SALEM, Ore.) - Carlyle Group advisor and former Time Inc. Editor-in-Chief Norman Pearlstine said during a recent Argyle Executive Forum media conference that newspaper profits have declined sharply with the growth of online news content.

Pearlstine, recently named Chief Content Officer at Bloomberg, told attendees that newspapers “remain viable businesses” and that “they remain capable of generating consistent cash flow, but they are not going to have the kinds of margins again that they’ve had in the past.”

Indeed, the steady drop of sales and profits at major newspapers comes at a time when readers are demanding a variety of content sources and forms of distribution. They want customized content, and much more.

They say it will be an enlightened and informed discussion with perspectives by Rafat Ali, Editor & Publisher of paidContent.org; Bruce Eatroff, Founding Partner of Halyard Capital; Susan Lavington, Vice President of Consumer Marketing, USA Today; and Michael Zimbalist, Vice President, Research & Development Operations, The New York Times Company on the challenges and opportunities facing the newspaper that offers “All The News That’s Fit to Print.”

Source: Argyle Executive Forum

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