OLD Media Moves

NYT econ reporter Andrews on why he's taking the buyout

December 16, 2009

John Koblin of the New York Observer interviewed Edmund Andrews, the economics reporter at the New York Times who earlier this year published a book disclosing how his family’s financial problems, and Andrews notes that those issues did not factor into his decision to accept the buyout offer.

Koblin writes, “Mr. Andrews said the buyout gives him money that translates into ‘more than a year’s salary.’

“He said that, back in May, he needed the book to be a hit in order to get out of trouble.

“‘It didn’t solve those problems — that’s for sure,’ he continued. ‘We’re still in that house. We’re in a plan with the mortgage lender, and our finances have stabilized a bit, but we’re not out of the woods yet.’

“He was a bit vague when we asked him about the future — ‘It is a very big world out there,’ he repeated several times over the course of a 25-minute conversation — but said that he’s interested in academia, possibly a return to journalism or taking a job that would make use of years of reporting on finance.”

Read more here.

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