After a year of turmoil and uncertainty, the New York Times will finally be back on its feet. The company is ending its long-standing “walled garden” model, which has largely limited online readership to subscribers.
Despite this major change, the New York Times says there’s no need for concern about the future of print journalism–it will still be around in 10 years.
The Wall Street Journal offers a different opinion on where print journalism is headed in that time frame: “Print is dying,” it says.
NYTimes publisher Arthur O. Sulzberger Jr. has stated that in the next 10 years print edition will stop existing. This is a result of the pressure on print subscriptions and declining ad revenue
This announcement was made at a conference held by the American Society of News Editors, which can be seen as an indication of how digitalization has affected legacy media outlets.
The walled garden era is over and it is time for us to think about how we will push our readers to consume our content in new ways.”
New York Times publisher Arthur O. Sulzberger Jr. has stated that in the next 10 years print edition will stop existing due to increasing pressure on print subscriptions and declining ad revenue from their online presence. This announcement was made at a conference held by the American Society of.
“The walled garden era is over,” said the New York Times’s publisher, explaining why he does not see a print edition of the publication in 10 years.
“The way we consume news and information is completely different from what it was like 15 or 20 years ago,” said Mr. Auletta, who has also called out Facebook and Google for changing how people read news media. “My hope is that we’re finding ways to create new business models that get rid of print subscriptions.”
Publisher Arthur Ochs Sulzberger Jr. made the comment during an interview with Quartz where he also addressed recent controversies surrounding the publication.
“The walled garden era is over, the web is open and global.” said Arthur Sulzberger Jr. Publisher of the New York Times to a publication company conference in New York City on May 16th 2019.
Sulzberger went on to say that the newspaper has seen a significant decline in print sales and circulation over the last decade. This has been made even worse with digital distribution reaching users worldwide as it is not restricted by borders as paper newspapers are.
As more people are reading their news online, they are buying fewer physical copies of publications including newspapers.
The New York Times is the world’s most prestigious and influential newspaper. They have been around since 1851 and have always been an innovative paper that stands out from the rest. In April of 2018, they published an article which mentioned a possible print edition in ten years from now.
New York Times publisher, Arthur Sulzberger Jr., said that going digital is more cost-effective for them and that the “walled garden era” of paper-based media has come to an end.
Sulzberger also mentioned that digital subscriptions are surpassing print readership at their newspapers and this is further increasing their ability to provide exclusive content on a global scale.
With the age of digitalization, print publications are struggling to stay afloat. However, the New York Times publisher insists that print is here to stay.
In an interview with the New York Times newsroom’s David Carr on Tuesday, in which Carr asked him about whether there would be a print edition in ten years, Mr. Sulzberger laughed and said: “Not no more.”
“We’re not in a walled garden anymore,” Mr. Sulzberger continued. “There will always be a place for us.”
The publisher believes that people need both types of publications – digital and print- as opposed to one or the other.