The NY Times Goes All In On The Athletic

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4.3 • 3.1K Ratings

🗓️ 10 July 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

The New York Times leaves its sports desk behind as it puts its might behind The Athletic. (00:21) Jim Mueller and Deidre Woollard discuss: - Why the New York Times announced it is shutting down its sports department. - The future of sports coverage and sports entertainment. - The Barbie movie and the potential value of Mattel’s intellectual property. (15:53) Ricky Mulvey and Asit Sharma look at some ultra-luxury businesses... and why they’re beating the market. Companies discussed: NYT, DIS, RACE, RH, LVMUY, PPRUY, HESAY, MAT Host: Deidre Woollard Guests: Jim Mueller, Asit Sharma Producer: Ricky Mulvey Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The New York Times puts the athletic on the front page as it leads its sports desk behind.
0:09.9	Motley Fool Money starts now.
0:11.7	Welcome to Motley Fool Money.
0:22.3	I'm Deed Raulord here with Motley Fool Analyst, Jim Mueller.
0:24.8	How are you today, Jim?
0:25.8	Doing well.
0:26.8	How do you get a good weekend?
0:27.8	Awesome.
0:28.8	Glad to hear it.
0:29.8	We'll talk about the New York Times because they announced that they're disbanding their
0:33.2	sports department in favor of coverage from the athletic.
0:36.4	That's the brand they bought for $550 million last year.
0:40.9	And the news came after the New York Times Sports Department.
0:43.8	They submitted a letter on Sunday, sort of asking what was up and then one day we kind
0:48.6	of get the answer here.
0:51.3	Is this surprising or could this sort of expect this?
0:54.7	I think the sports desk at the times should have been expecting this.
1:01.0	The purchase was February of last year and the number of journalists working for the
1:07.2	athletic outnumbered the number of journalists working for times on sports by almost a
1:12.8	factor of 10, certainly a factor of 6 or 7.
1:16.5	With that disparity and the overlapping of the coverage between the two departments,
1:21.4	I think the journalists at the sports desk at the time should have been kind of expecting
	...

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