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NY Times publisher: Goal to manage transition from print to internet
 Despite his personal fortune and impressive lineage, Arthur Sulzberger, owner, chairman and publisher of the most respected newspaper in the world, is a stressed man. Why would the man behind the New York Times be stressed? Well, profits from the paper have been declining for four years, and the Times company's market cap has been shrinking, too. Its share lags far behind the benchmark, and just last week, the group Sulzberger leads admitted suffering a $570 million loss because of write offs and losses at the Boston Globe. Sure, blame it on Boston. As if that weren't enough, his personal bank, Morgan Stanley, recently set out on a campaign that could cost the man control over the paper. All this may explain why Sulzberger does not talk with the press. But perhaps the rarified alpine air at the World Economic Forum at Davos, Switzerland, which ended last week, relaxes the CEOs of the world's leading companies. And what began as a casual chat ended in a fascinating glimpse into Sulzberger's world, and how he sees the future of the news business. Posted by: gorb 2007-02-08 |
| http://www.rantburg.com/poparticle.php?ID=179856 |