Mark Thompson, the outgoing chief executive of the New York Times, expects paper newspapers to disappear in 20 years. “I’m sure the New York Times will print for another 10 years, maybe even 15 years,” Thompson said in an interview. I would be very surprised if it was still in print for the next 20 years. “
Thompson said more than 900000 users have now subscribed to the paper version of the newspaper. At current subscriber levels, he said, the newspaper could print seven days a week without any advertising.
But as readers become more accustomed to reading the New York Times on smartphones, tablets and computers, print newspapers are clearly in a dying mode. The New York Times reported last quarter that for the first time, digital revenue exceeded paper revenue. Driven by the long-term downward trend and the popularity of the new crown, print advertising decreased by more than 50% compared with the previous quarter.
“I’m skeptical that print advertising can return to its level in 2019,” Thompson said. The data decline has been going on for many years, and I think it may be inevitable. “
Thompson will step down as chief executive of the New York Times next month and be replaced by Meredith Levien. Since Thompson became chief executive, New York Times shares have risen more than 400%.
Post time: Aug-13-2020