Take for instance the New York Times, the midtown Manhattan local news organization that is transforming itself into a global digital news brand. Even as recently as 2013, former publisher Arthur Sulzberger noted that it was a “very low moment” when the New York Times’ biggest rival, the Washington Post, was sold by the Graham family to Amazon billionaire Jeff Bezos. Last week, the New York Times emerged from its period of digital transition as a financially stronger, editorially robust organization. Digital subscriptions have boomed as the progressive audience sees support for institutions like the New York Times as the only effective opposition to a corrupt government. The revolving door between media organizations is in constant motion, but as the layoffs in local and digital news outlets continue, the New York Times is hiring many more than it is firing.

Source: Taipei Times February 13, 2020 16:06 UTC