Joe Pompeo

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The New York Times has been dealing with computers in one way or another since the 1970s, but the tool went from aid to threat once the Internet took hold in the middle of the 1990s. In under a decade, the old way of doing business became passé and clinging to it a danger. The real challenge is for the former newsprint company to continue reinventing itself in ways that won’t degrade the journalism. It’s not as easy task, and it’s especially difficult for reporters to deal with a sky perpetually falling while trying to do an often busy and bruising job. It’s no wonder new Public Editor Elizabeth Spayd told Poynter she’ll “pay attention to the newspaper’s business efforts as well” as the content. There’s no separating them anymore.

In a Politico piece, the excellent Joe Pompeo examines the company’s maneuverings in this fraught media age. An excerpt:

On the business side, the Times’ decision in 2011 to start charging people to read an unlimited number of articles on nytimes.com proved to be a life-saving calculation, bringing the Times more than a million digital-only subscribers to date and nearly $200 million in circulation revenue last year alone.

But the water is rising again and those numbers must grow. Soon, the Times is likely to hit a ceiling on how many people in its existing audience it can convert into paying subscribers. If it can’t get more money out of the same customers, it must find new ones.

That’s what’s behind a plan implemented earlier this year that puts $50 million behind the prospect of getting many new readers to open their wallets in foreign markets, where the Times is creating digital editions tailored to non-Americans.

A unit creating content that might just pass for journalism were it not paid for by advertisers also is making dents in the Times’ march toward $800 million in digital revenues by 2020, an ambitious goal considering digital revenues were just south of $400 million in 2015.

The problem is that while print advertising is still a big slice of company revenues ($441.6 million out of $1.58 billion in 2015), it’s been plummeting year after year as marketers become hotter on digital, and tech giants like Facebook and Google dominate online ad growth.•

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I check the U.S. version of the Guardian site several times a day, something I can say about few other three-year-old publications–or ones of any vintage. It’s smart and brisk and the Edward Snowden story placed it at the center of global media landscape, even if the scoop didn’t actually produce revenue, something that was pointed out by Michael Wolff, when he briefly took a break from his busy schedule of farting into the open mouths of sleeping babies. Although the publication can rely on its considerable trust for the next several years, it will eventually have to divine a way to turn quality journalism into profit. It has plenty of company in trying to piece together that puzzle.

Joe Pompeo, the excellent media reporter for Capital New York, has an interview with Guardian veteran Katherine Viner, who’s taking over the expanding American operation. An excerpt:

“Where does Guardian U.S. go from here? ‘Onwards and upwards and much bigger,’ Viner told me in her first interview of the new gig. It’s a tall order, and one that will place her under the microscope of skeptics questioning whether a big play for U.S. scale is worth the costs associated with such an effort—never mind that The Guardian has the luxury of being owned by a trust created expressly to ensure its survival while preserving editorial independence. (Look no further than Guardian Media Group’s whopping $1 billion sale this past January of its stake in Trader Media Group.)

In a June feature for British GQ, media critic Michael Wolff made a case that The Guardian’s sustained investment in the Snowden story for much of 2013 and 2014 stilted the New York newsroom’s broader mission without a real business benefit. ‘The success of the Snowden story, at the expense of the New York operation, has many people in the Guardian U.S. constellation … wondering about the future of New York,’ wrote Wolff, whose account was published a few months after his column for Guardian U.S. came to an end.

Viner offered a different take on the current moment and what The Guardian’s Snowden coverage has achieved in the U.S. ‘It means the site’s got this massive profile now,’ said the optimistic editor, ‘and I can build on that success, expand our coverage into lots of areas and deepen our relationships with American readers.’

She wouldn’t get into the nuts and bolts, telling me she didn’t want to publicize them in an article before having discussions with staff. She did however say that Guardian U.S. is ‘in a period of ambitious growth, and we are working on a number of serious plans.’Guardian editor-in-chief Alan Rusbridger was ever so slightly more specific when I pressed him for details. Speaking by phone one night while on vacation in Tuscany, fireworks whizzing overhead, the 60-year-old said there are two U.S. expansion plans that Viner will be working on pending final board approval in mid-November. ‘It will get bigger,’ he said. ‘We’re just not ready to say in what ways.'”

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Fo shizzle.

Fo shizzle.

Courtesy of Joe Pompeo in Capital New York:

“‘This detail is funny and irrelevant so I’ll retail it,’ he said. ‘I was in a meeting with President Obama not long ago, on foreign policy, that was off the record. One of the people was kind of hectoring about the fact of how much money we give to Egypt, to which the president replied, ‘True dat.”

The crowd erupted.

‘I thought, I will bet this is the first time that this has happened in any kind of briefing ever in the White House,’ said Remnick.”

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