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Chris Roush, Founder
christopher.roush@quinnipiac.edu
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OLD Media Moves
Outsourcing the NYTimes biz section
December 30, 2008
Douglas McIntyre, the editor of 24/7 Wall St., suggests that one way the New York Times could cut its costs would be to outsource some of its business section content.
“As the cost of being in the news business stays high and revenue drops, networks are pooling reporting resources. Newspapers are sharing coverage of certain geographic areas. Websites such as Politico are offering newspapers coverage of Washington to save money on having bureaus following the federal government.
“The New York Times might be better off if it cut a deal with Bloomberg or the FT to handle its business section. The paper would still be competitive with The Wall Street Journal, and the move might be the start of a system to save a lot more money by doing something similar with other parts of the Times.”
Read more here.
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