![]() ![]() The cost structure of print is becoming increasingly non-viable even for globe-spanning giants like the Times, and managing the decline of that business is something the paper is spending a lot of time on. The challenging thing for the New York Times is that those words are arguably just as applicable to the rest of the newspaper’s business, not just the part of it that was taking place in Paris. In an internal memo sent out about the Paris cuts, assistant international editor Joe Kahn said that they were necessary for one reason: Because “the cost structure of print wasn’t viable.” This article originally ran as part of David Leonhardt’s newsletter, which will be named Opinion Today starting May 4. Sign up for Data Sheet, Fortune ‘s technology newsletter. Before that, it was a division of the New York Herald, which started printing in Europe in 1887. ![]() The unit used to belong to the International Herald-Tribune, a joint venture between the NYT and the Washington Post, a project the Times took over in 2003. The Paris operations that the Times is shutting down no doubt seemed like an obvious place to achieve some cost savings, since they are left over from a previous print-based expansion plan. As Leonhardt recently told me, COVID turned out to be the perfect story for a daily newsletter because people are desperate for information. Managing those two things at the same time is the hard part. At the same time, print is in decline-both in terms of readership and in terms of advertising revenue. ![]() Readership and advertising is moving to digital, and the New York Times very much wants to be a global media property, so investing in a digital expansion in Europe makes sense. By David Leonhardt About 60 percent of U.S. He previously wrote the papers daily e-mail newsletter, which bore his own name. The point of both of these announcements should be fairly obvious. The Morning Waiting for the Justices We’re covering the coming affirmative action ruling, the search for a submersible and Hunter Biden. We’re covering a new poll about the Democratic Party, Donald Trump’s court appearance and the N.B.A. His column previously appeared weekly in The New York Times. ![]()
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