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End print edition of New York Times, argues Netscape co-founder

In Marc Andreessen’s world the Christian Science Monitor wouldn’t be the only traditional print product going online-only.

In this interview in the latest edition of Portfolio, Andreessen, who is co-founder of Ning, Netscape and investor in Digg and Twitter, says the New York Times should cut its print losses and focus on ‘the market of the future’.

If you were running the New York Times, what would you do?
[Andreessen] Shut off the print edition right now. You’ve got to play offence. You’ve got to do what Intel did in ‘85 when it was getting killed by the Japanese in memory chips, which was its dominant business. And it famously killed the business – shut it off and focused on its much smaller business, microprocessors, because that was going to be the market of the future. And the minute Intel got out of playing defence and into playing offence, its future was secure. The newspaper companies have to do exactly the same thing.

The financial markets have discounted forward to the terminal conclusion for newspapers, which is basically bankruptcy. So at this point, if you’re one of these major newspapers and you shut off the printing press, your stock price would probably go up, despite the fact that you would lose 90 per cent of your revenue. Then you play offence. And guess what? You’re an internet company.

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Editor and Publisher: WPNI head quits, Post takes greater control over web elements

Caroline Little, the CEO of WashingtonPost Newsweek Interactive, has resigned from her post, the newspaper’s publisher has confirmed.

Rumours about here departure bound round the internet last week, till Post Publisher Katharine Weymouth confirmed the move in a memo to staff.

The memo praised Little’s 11 years at the company, but also suggested that the Post newspaper and web teams would move closer together as senior figures in the web team would now report directly to Weymouth.

“I am taking this opportunity to move washingtonpost.com and The Washington Post closer to a true Washington Post Media organisation – rather than a newspaper company and an Internet company,’ the publisher wrote in the memo.

‘To that end, Jim Brady, executive editor of washingtonpost.com and Rob Curley, vice president of products, will report to me.

‘Goli Sheikholeslami, vice president of classifieds and local products, will report to Steve Hills, president and general manager of Washington Post Media.’

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