dThe Incredible Shrinking New York Times - Road to the Middle Class - by Christopher Chantrill
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The Incredible Shrinking New York Times

by Christopher Chantrill
June 22, 2007 at 4:23 pm

THE TROUBLE with being a national institution is that when you start going down the tubes the whole nation is there to gawk at your agony. 

And if you are The New York Times the whole blogosphere is goggling at you in its pajamas.  

The blogosphere is full of experts, as Dan Rather could tell you. Thomas Lifson is not just proprietor of The American Thinker but also a management consultant.  So he has the expertise to translate the NYT earnings numbers into dollars and sense.  He observes that recently NYT CEO

Janet Robinson told investors at a Newspaper Association of America conference in New York that the company would be raising the price of single copy newspapers and home delivery subscriptions. At the same time, the company has suddenly accelerated and apparently made more drastic a previously-announced plan to shrink the physical size of the paper and cut the amount of news provided to readers.

So, Lifson tells his readers, here is what is going down.

[T]he company is composed of a large newspaper business decaying faster and faster, slightly offset by a medium-sized, nicely-but-not-spectacularly-growing internet publishing business, and a half interest in a Manhattan skyscraper under construction.

Of course there’s nothing actually wrong with a nice, medium-sized internet business.  In fact, life can be much more fun on a zippy frigate that on a ponderous ship-of-the-line.

The thing is that when it comes to invitations to important competitive social events, it helps to be the captain of a ship-of-the-line.  It helps with the ladies, too.

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Christopher Chantrill blogs at www.roadtothemiddleclass.com.  His Road to the Middle Class is forthcoming.


 TAGS


Faith & Purpose

“When we began first to preach these things, the people appeared as awakened from the sleep of ages—they seemed to see for the first time that they were responsible beings, and that a refusal to use the means appointed was a damning sin.”
Finke, Stark, The Churching of America, 1776-1990


Mutual Aid

In 1911... at least nine million of the 12 million covered by national insurance were already members of voluntary sick pay schemes. A similar proportion were also eligible for medical care.
Green, Reinventing Civil Society


Education

“We have met with families in which for weeks together, not an article of sustenance but potatoes had been used; yet for every child the hard-earned sum was provided to send them to school.”
E. G. West, Education and the State


Living Under Law

Law being too tenuous to rely upon in [Ulster and the Scottish borderlands], people developed patterns of settling differences by personal fighting and family feuds.
Thomas Sowell, Conquests and Cultures


German Philosophy

The primary thing to keep in mind about German and Russian thought since 1800 is that it takes for granted that the Cartesian, Lockean or Humean scientific and philosophical conception of man and nature... has been shown by indisputable evidence to be inadequate. 
F.S.C. Northrop, The Meeting of East and West


Knowledge

Inquiry does not start unless there is a problem... It is the problem and its characteristics revealed by analysis which guides one first to the relevant facts and then, once the relevant facts are known, to the relevant hypotheses.
F.S.C. Northrop, The Logic of the Sciences and the Humanities


Chappies

“But I saw a man yesterday who knows a fellow who had it from a chappie that said that Urquhart had been dipping himself a bit recklessly off the deep end.”  —Freddy Arbuthnot
Dorothy L. Sayers, Strong Poison


Democratic Capitalism

I mean three systems in one: a predominantly market economy; a polity respectful of the rights of the individual to life, liberty, and the pursuit of happiness; and a system of cultural institutions moved by ideals of liberty and justice for all. In short, three dynamic and converging systems functioning as one: a democratic polity, an economy based on markets and incentives, and a moral-cultural system which is plural and, in the largest sense, liberal.
Michael Novak, The Spirit of Democratic Capitalism


Action

The incentive that impels a man to act is always some uneasiness... But to make a man act [he must have] the expectation that purposeful behavior has the power to remove or at least to alleviate the felt uneasiness.
Ludwig von Mises, Human Action


Churches

[In the] higher Christian churches... they saunter through the liturgy like Mohawks along a string of scaffolding who have long since forgotten their danger. If God were to blast such a service to bits, the congregation would be, I believe, genuinely shocked. But in the low churches you expect it every minute.
Annie Dillard, Holy the Firm


Conversion

“When we received Christ,” Phil added, “all of a sudden we now had a rule book to go by, and when we had problems the preacher was right there to give us the answers.”
James M. Ault, Jr., Spirit and Flesh


Living Law

The recognition and integration of extralegal property rights [in the Homestead Act] was a key element in the United States becoming the most important market economy and producer of capital in the world.
Hernando de Soto, The Mystery of Capital


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©2007 Christopher Chantrill