Tag Archives: New York Times

NYT second-quarter operating profit more than twice 2009 figure

The New York Times Company has reported operating profit for the second-quarter rose to $60.8 million from $23.5 million in the same period the previous year, excluding some special items. The figures show the first increase in quarterly revenue since 2007, as a growth in digital advertising halted decline in print advertising.

The company NYT statement also showed that second-quarter revenue had risen to $589.6 million from $584.5 million one year ago. However, net income dropped to $32 million from $39 million year-over-year.

Digital advertising revenue rose 21 per cent, making up 26 per cent of total ad revenue compared to 22 per cent the year before. They also reported that print advertising has improved, from a 12.3 per cent downturn in the previous quarter, to six per cent.

The company also gained a 3.2 per cent rise in circulation revenue, put down to higher subscription and newsstand prices for both the Times and the Globe.

Should newspapers publish full interview transcripts online?

Washington Post economic and domestic policy blogger Ezra Klein has called for newspapers to make full interview transcripts available online, where there are not the traditional space restrictions of a print edition.

Klein cites last week’s New York Times article on Paul Volcker, which is “clearly and proudly set around a wide-ranging, on-the-record interview with Volcker himself”:

But that interview, aside from a few isolated quotes, is nowhere to be found. This is a baffling waste of good information. Reporters are endlessly interviewing newsmakers and then using, at most, a handful of lines out of thousands of words. The paper, of course, may not have room for thousands of words of interview transcripts, but the web certainly does.

Klein’s comments echo those of Wikileaks founder Julian Assange, who criticised the media on Friday for not making use of the huge amount of space available online to make primary source material more readily available.

The main issue for Klein, like Assange, seems to be one of transparency, especially for the interviewee:

It’s safer to have your full comments, and the questions that led to them, out in the open, rather than just the lines the author thought interesting enough to include in the article.

“And for the institution itself,” writes Klein, “it’s a no-brainer. You get a lot more inward links if you provide enough transcript that every niche media site can find something to point their readers toward.”

But news organisations considering such a move would have to weigh any potential increase in traffic – and any respect garnered by increased openness – with what is surely, for most, an unwelcome level of transparency. To say nothing of having to transcribe the hours and hours of interviews conducted by a newspaper such as the New York Times.

It is an interesting question for online journalism nonetheless. With programmes like the Open Government Data Initiative tipping more and more raw materials into the internet, will news organisations benefit overall from taking the same open approach?

Read Ezra Klein’s post here.

Daily Intel: Lessons for other publishers from the Times paywall

With the New York Times expected to introduce paid access to its website from 2011, the Daily Intel looks at what lessons publishers can learn from the implementation of the UK Times’ paywall, including:

  • make it RSS-friendly;
  • make the price suprisingly low;
  • mind your talent;
  • and deal with the payment transaction early on.

Full post at this link…

Related listening: Podcast from the Association of Online Publishers event on paywalls and diversifying revenue streams with the Times’ assistant editor and head of online, Tom Whitwell.

‘The state of the journalistic art’: In defence of Rolling Stone’s Gen. McChrystal reporter

The furore following Rolling Stone’s General McChrystal feature doesn’t look like calming down any time soon.

Eric Alterman, senior fellow at the Center for American Progress has put together a great post calling into question some of the criticisms of RS reporter Michael Hastings.

Reporter after reporter has complained that by accurately reporting what McChyrstal and his aides said in explicitly on-the-record conversations to a reporter with a tape recorder and/or notepad in his hand, Hastings has violated the tenets of professional journalism.

One comment he refers to was from David Brooks, opinion columnist for the New York Times, who called Hastings a product of the “culture of exposure”:

But McChrystal, like everyone else, kvetched. And having apparently missed the last 50 years of cultural history, he did so on the record, in front of a reporter. And this reporter, being a product of the culture of exposure, made the kvetching the center of his magazine profile.

By putting the kvetching in the magazine, the reporter essentially took run-of-the-mill complaining and turned it into a direct challenge to presidential authority. He took a successful general and made it impossible for President Obama to retain him.

But in Alterman’s view, the feature was the epitome of quality journalism.

(…) an almost picture-perfect example of skillful interviewing, smooth narrative writing, extremely exhaustive research, and finally (and perhaps rarest) thoughtful contextualizing of extremely complicated material. I recommend it to all journalism professors as an example of the state of the journalistic art.

Read the full post here…

CNBC, New York Times and Vanity Fair recognised at US business journalism awards

Winners of the US-based business journalism awards, the Gerald Loeb Awards, were announced yesterday, with CNBC, the New York Times and Vanity Fair each claiming two awards.

New York Times assistant investigative editor Walt Bogdanich was given the Lifetime Achievement Award, while chief mergers and acquisitions reporter, Andrew Ross Sorkin was awarded a Loeb for his book, ‘Too Big to Fail’.

The awards were established in 1957 by Gerald Loeb, to honour journalists who contribute to the understanding of business, finance and the economy.

See a full list of the winners and their entries here…

NYTimes.com: Digital media yet to thrive in Japan

According to this New York Times piece, cit-j and digital media is yet to take off over in Japan.

JanJan was the last of four online newspapers offering reader-generated articles that were started with great fanfare here, but they have all closed or had to scale back their operations in the past two years.

And it is not just the so-called citizen journalism sites that have failed here. No online journalism of any kind has yet posed a significant challenge to Japan’s monolithic but sclerotic news media.

“Japan just wasn’t ready yet,” said JanJan’s president and founder, Ken Takeuchi, a former reformist mayor and newspaper journalist who started the site in 2003. “This is a hard place to create an alternative source of news.”

Full post at this link…

More from NY Times on writing, not Tweeting, on Twitter

Philip B Corbett, standards editor at the New York Times comments on last week’s much-tweeted story that he was to ban the word ‘tweet’.

Corbett says that it isn’t a blanket ban and says “it [‘tweet’] can be used for special effect, or in places where a colloquial tone is appropriate, but should not be used routinely in straight news articles”.

As in the original internal memo, he states:

[E]xcept for special effect, we try to avoid colloquialisms, neologisms and jargon. “Tweet” – as a noun or a verb – is all three. Yet it has appeared 18 times in articles in the past month, in a range of sections.

“Tweet” may be acceptable occasionally for special effect. But let’s look for deft, English alternatives: use Twitter, post to or on Twitter, write on Twitter, a Twitter message, a Twitter update. Or, once you’ve established that Twitter is the medium, simply use “say” or “write.”

Full post at this link…

Also see blogger Steve Buttry’s post on the debate at this link…

AdAge.com: New York Times planning new ‘testing’ site

AdAge reports on a memo circulated at the New York Times, introducing plans for a new public beta ‘testing site’, where the newspaper will try out new features and apps before deciding whether to set them live on NYTimes.com.

The Times expects to introduce the site, to be called Beta620, in July or August. The “620” refers to the paper’s street address on Eighth Avenue in New York.

Full story at this link….

NYTimes.com: FTC’s journalism study could ‘sidestep’ making recommendations

The New York Times updates its readers on the US Federal Trade Commission’s public forums on journalism and how to save it, the last of which will take place this week.

The commission is expected to produce a final study later in the year, but the New York Times report also warns: “the commission could easily sidestep making any recommendations to Congress or invoking its regulatory powers, and instead issue something along the lines of an analysis of its findings”.

Full story at this link…

Cindy’s Take on Tech: ‘The Journalist as Programmer’

Cindy Royal, an assistant professor at Texas State University in San Marcos teaching web design and multimedia journalism, has shared details of her paper ‘The Journalist as Programmer: A Case Study of The New York Times Interactive News Technology Department’ in this blog post – her slideshow below, courtesy of slideshare, is well worth a look for anyone interested in how programming, news applications and data can fit into a newsroom set-up: