Citizen Kane: You're right, I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars *next* year. You know, Mr. Thatcher, at the rate of a million dollars a year, I'll have to close this place in... 60 years.
Citizen Pinch: You're right, I did lose a million readers last year. I expect to lose a million readers this year. I expect to lose a million readers *next* year. You know, Mr. Thatcher, at the rate of a million readers a year, I'll have to close this place in... 60 weeks.
Ironman @ Political Calculations: The Accelerating Decline of the New York Times notes, with data to back him up,
Sometime, within the next twelve to eighteen months, the average circulation of the weekday edition of the New York Times will drop below one million. This event marks the continuing decline in the fortunes of what had been the U.S. newspaper of record as the New York Times' average circulation has been well above this level for decades.
Here's what the years from 1993 to 2007 looked like at the New York Times:
Ironman cites a number of reasons for this but doesn't look at the prime mover. Who is that prime mover? Well, you need to ask yourself what happened to the New York Times at the beginning of this inexorable drift downward? One fear factor stands out:
Arthur Ochs Sulzberger, Jr. - (born 22 September 1951, Mount Kisco, New York) became the publisher of The New York Times in 1992 and chairman of The New York Times Company in 1997. Sulzberger is the son of the previous Times publisher Arthur Ochs Sulzberger and grandson of another Times publisher, Arthur Hays Sulzberger. He is married to artist and journalist Gail Gregg. He is sometimes referred to by the nickname "Pinch," a reference to his father's nickname "Punch," but he reportedly dislikes the name.I'm sure that somewhere among the Time's staffers -- more and more up for being laid off -- at least one person, confronted with the continuing evidence a disastrous career on the part of the boy publisher, has said to another, "Hey, Pinch happens." Posted by Vanderleun at April 5, 2008 12:55 PM | TrackBack
"Ironman cites a number of reasons for this but doesn't look at the prime mover. Who is that prime mover? Well, you need to ask yourself what happened to the New York Times at the beginning of this inexorable drift downward?"
Only because we've done it previously!...
Posted by: Ironman at April 5, 2008 5:27 PM What always struck me while traveling was how much they advertised outside of NY to build their circulation. Turn on the cable news and there were their ads. That must have cost a lot.
Their coverage of local issues is as pathetic as the City Council and State Capital that they fail to cover. They are as useful as udders on a bull.
Do we know the comparable figures for the Wall Street Journal?
Posted by: Nadine Carroll at April 5, 2008 8:25 PMAnyone know how this compares to the decline in other major papers? Or know where that info could be found?
Posted by: Graham at April 5, 2008 8:26 PMAnyone know whether a percentage of the local circulation numbers noted above come from hotels? Every time I stay in NYC, there is a daily comlpimentary copy of the Times delivered to my room. Even when I refuse it on my check-in slip. I'd be curious to know if that still counts as a "readership" number. Given the number of occupied hotel rooms in NYC on any given day, I would think that could contribute to at least several percentage points. The differential between who gets the newspaper versus who actually gets the newspaper to read it might be even more stark.
Posted by: Dee G at April 6, 2008 3:10 AMThe reasons for the decline are many, but the politicization of the news sections and dishonesty on the editorial page must be playing a role. I read the Times for 50 years, but their yellow journalism in reporting on the Iraq War and on the Bush administration made the paper unreadable for me.
Posted by: David Becker at April 6, 2008 4:07 AM"Weekday circulation within NYC market" is down by a third but "weekday circulation outside NYC market" is actually up and now makes up more than half of the Times' readership.
The Times is transforming itself into a national paper for the upper-middle class liberal. That may make it difficult to turn a profit. A local business has no reason buy ads that are seen by readers hundreds of miles away. But it also opens up opportunities for national advertising. And it may well increase the Times editorial influence.
Posted by: Roger Sweeny at April 6, 2008 4:38 AM
I would suggest that approximately 60% of Sunday sales outside the Metro are for the crossword only.
Posted by: Jack is Back! at April 6, 2008 5:14 AMThe NYT used to be an indispensible part of my morning routine. I read it every morning since breakfasts with my father many years ago.
The rise of their agenda driven news bias made it unreadable for me, and the internet made our "divorce" possible. I suspect a lot of their subscription losses are others like me who might once have grumbled unhappily but, without an alternative, been forced to accept it.
I don't miss it.
Posted by: JB at April 6, 2008 6:37 AMRoger: Beginning in 1998, the New York Times' management began a serious effort to develop a larger national audience for the paper. Their initial success helped the Times avoid the same fate as many other big-city local papers, but they appear to have hit the limits of that strategy in holding off general circulation declines.
There's an interesting hypothesis that suggests the New York Times' national strategy has contributed to the decline of many big-city newspapers, as those "upper-middle-class liberals" opted for the Times instead of their home town news.
The only problem with that is that the Times' focus on the national market led it to disregard its own home market, and has therefore accelerated its decline there. That would then mean that the New York Times' management has actually been more destructive to the health of the local newspaper industry than it might appear from its own numbers.
Dee G: The circulation figures we used came from the New York Times Company's SEC filings, which we find more believable that the figures that often are cited in the Editor and Publisher trade journal. The figures are produced by the Audit Bureau of Circulation and to our knowledge, does account for hotel, academic and other bulk circulation.
Graham: While we don't find Editor & Publisher's circulation figures as insightful as what the figures the Times itself provides for itself in its annual report, they do give a good sense of the state of circulation at the U.S.' major daily newspapers over time.
Link for fun: Did you know that the MSM has been psychoanalyzed? It would seem that many MSM outlets, such as the New York Times, may be suffering from depression (both literally and economically), which affects their world view and biases their news coverage and editorials!
Given those factors, why on earth would anyone take their reporting and opinions at face value?
Posted by: Ironman at April 6, 2008 7:50 AMI take grim satisfaction in watching the decline of a treasonous American company.
Posted by: feeblemind at April 6, 2008 8:00 AMThere's an interesting hypothesis that suggests the New York Times' national strategy has contributed to the decline of many big-city newspapers, as those "upper-middle-class liberals" opted for the Times instead of their home town news.
Hmmm... The New York Times as Wal-Mart.
I'm not sure how much the Times has "disregard[ed] its home market." I remember complaints back in the 60s that the Times paid too much attention to national and international coverage and not enough attention to the City and the State. Given what has happened in the other major markets, I'd say a substantial loss of local circulation (and local ad revenue) was inevitable.
Perhaps more of a local emphasis would have led to less of a local loss and less of a national gain. Whether that would have been better for the Times' bottom line is a question I don't know the answer to. But I suspect it would have resulted in less national influence for the Times' political preferences.
Posted by: Roger Sweeny at April 6, 2008 8:22 AMStarbucks carries - some say pushes - the NYT in most of its stores. If we strip out SBUX customers who wouldn't bother to walk somewhere else for the paper, I bet the national figures would be even lower.
Just one more reason to be wary of Howard Schultz.
Posted by: askmom at April 6, 2008 8:30 AMMaybe we can expect a takeover bid by Air America.
Posted by: DernTootin' at April 6, 2008 9:56 AMI actually went to high school with Pinch Sulzberger. I remember being amazed that someone from a high-powered family like that could be such a nonentity. Trust me, if Pinch hadn't inherited his job he wouldn't have gotten as far in journalism as Jimmy Olsen.
Posted by: Gary Rosen at April 6, 2008 12:34 PMHas anyone considered that this new-fangled Interweb thing might have something to do with it, too? After all, the print circulation for MY blog absolutely sucks!
Posted by: Ken Wheaton at April 7, 2008 7:43 AM"It is impossible to speak in such a way that you cannot be misunderstood." -- Karl Popper N.B.: Comments are moderated to combat spam and may not appear immediately. Comments that exceed the obscenity or stupidity limits will be either edited or expunged.