Newspapers: LA Times, New York Times

A year and a half ago, Jason Oberfest, who was then the head of Product Strategy and Business Development at the LA Times, told an audience at PSFK Conference Los Angeles about the major changes that the paper was making to address changes in publishing in order to become a leader in the new media space. It looks like those changes have taken effect: the editor of the Los Angeles Times, Russ Stanton, has announced that the paper’s online advertising revenue is now sufficient to cover the cost of the LA Times’s editorial team – for both print and online.
LA Times

Could the New York Times go under?
It seems the unthinkable, but some media commentators are speculating whether The New York Times could go under. A piece in the Observer yesterday put the spotlight on the Grey Lady, which is saddled with debts, a hugely expensive news operation and the cost of an expensive new building on Manhattan‘s 42nd Street. All of that would be a strain at the best of times, but as the US newspaper industry buckles under the enormous strain of the downturn these problems are all hugely exacerbated.

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