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On the Media

Is the New York Times a Tech Company Now?

On the Media

WNYC Studios

Studios, Radio, Newspapers, Advertising, News, Wnyc, Magazine, Media, Journalism, Tv, Newspaper, Brooke_gladstone, Technology, Micah_loewinger, Npr, History, Politics, Transparency, Amendment, Society & Culture

4.69.1K Ratings

🗓️ 24 November 2023

⏱️ 51 minutes

🧾️ Download transcript

Summary

The decline of digital media; The New York Times becomes a tech giant; a new business model in the news industry.

Transcript

Click on a timestamp to play from that location

0:00.0

2023 has already been the worst year for media jobs yet.

0:07.8

Busfeed will lay off about 15% of its staff

0:10.5

and it's going to completely shut down the news unit itself.

0:13.4

Vice Media was once one of the hottest names in new media.

0:17.0

They've just filed for bankruptcy protection.

0:19.1

From WNYC in New York, this is on the media.

0:22.4

I'm Michael L Loneser.

0:24.0

Meanwhile, the New York Times won the tumultuous era of digital media, in part by emulating the success of Silicon Valley.

0:32.0

They're trying to be a kind of destination for people's whole lives.

0:35.0

And if they can get there, then they have all sorts of other things they can sell.

0:39.0

Plus, a handful of new publications are tearing down the old culture of the newsbiz.

0:45.6

When you aren't determined to grow at a rapid pace and you aren't beholden to those kind of

0:50.9

corporate bosses, running a media company really isn't that complicated.

0:55.0

It's all coming up after this.

0:57.0

From WNYC in New York, this is on the media. I'm Michael Loeinger.

1:06.0

And I'm Brooke Gladstone. It's a bad time for the news business.

1:10.0

Actually, it is usually, but this is one of the worst.

1:13.0

This year, a record number of job cuts so far,

1:17.0

over 19,000 of them, according to one study.

1:20.0

Just last week, GeoMedia declared the shuddering of Jezebel.

1:26.0

Female focused website Jezebel is shutting down after 16 years.

1:31.0

Earlier this year, there were other seismic shifts in the digital media world.

...

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