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The NYT and The Athletic

Discussion in 'Journalism topics only' started by Alma, Jun 17, 2022.

  1. MeanGreenATO

    MeanGreenATO Well-Known Member

    The people who think beat writers should be writing nine stories a week shouldn't be in charge of newsroom ops of any kind. Every progressive outlet has found lowering volume in exchange for more quality stories leads to more traffic and more subscribers.
     
    PaperClip529 and SixToe like this.
  2. BYH 2: Electric Boogaloo

    BYH 2: Electric Boogaloo Well-Known Member

    But what about SI dot com [/extreme sarcasm font]?
     
  3. Alma

    Alma Well-Known Member

    The nine is hyperbole. My bad. (Tho there are columnists who write 7-9 pieces a week)

    Not trying to be difficult...but according to whom? The Athletic? The Athletic doesn't make money. It loses money like I do at a craps table. It burned through hundreds of millions of dollars in an attempt to be a loss-leader that broke local media markets. The Athletic failed - utterly - at that task.

    I'm all for quality stories, no doubt. But the idea that subscribers would rather have two stories than, say, six relies on the two stories being way, way better than the six ever could be. And I'm not sure that's possible week after week.
     
    Songbird, JimmyHoward33 and Fdufta like this.
  4. The Big Ragu

    The Big Ragu Moderator Staff Member

    The Athletic didn't put local media outlets out of business. That was happening with or without the Athletic. It tried to create a niche around the void that was being left behind by those local media outlets slowly failing, on the bet that there was still an appetite for the sports piece of what they offered.

    The Athletic sold equity in the company and burned through a lot of the money it raised, but it was in an effort to expand into a lot of markets more quickly than it would have been able to using organic growth to fund the necessary investment. That brought in a lot of subscribers, even if it wasn't profitable, and that is likely what attracted The Times (at a very rich valuation), which has a strategy to ramp up digital subscribers over the next few years.

    It doesn't make money, but there is still a question about whether it will ultimately be a failure. The Times bought the Athletic with a broader strategy in mind, and by all accounts they are still in the process of trying to cut costs by achieving economies of scale, making cuts to get the business to operate more efficiently, and pursuing a bundling strategy that they think will make it accretive to the overall business.

    It may not work, they may have made a bad purchase, they may have paid too much for it, etc. But the jury is still out. My understanding is that they want it to turn a corner within 3 years, even if they are trying to minimize the bleeding quarter by quarter, and hoping they get there even sooner.
     
    Woody Long likes this.
  5. BYH 2: Electric Boogaloo

    BYH 2: Electric Boogaloo Well-Known Member

    The Times/Athletic partnership is going to create some very awkward synergistic choices for the suits, if it hasn't already. When will they decide having two Times staffers and a stringer along with three Athletic staffers at a playoff game is four or five too many? Which entity gets preferential treatment? The mother ship or the new toy? And what if management decides it's just better to use The Athletic in print instead of the long-tenured Times writers?
     
  6. Alma

    Alma Well-Known Member

    The local media outlets are not going out of business - at least not for sports reasons. It is not "happening."
     
  7. The Big Ragu

    The Big Ragu Moderator Staff Member

    To be clear, since you quoted just that one sentence. You suggested that "the Athletic burned through hundreds of millions of dollars (has it?) in attempt to be a loss-leader that broke local media markets." Putting aside that the term loss leader means you take a loss on something in an effort to attract customers so you can sell them more of something else. ... I was saying that The Athletic came about because local newspapers were going out of business already. It wasn't started to try to put them out of business, the way you suggested. It was trying to capitalize on there being an appetite for sports coverage for which a void was being left behind as newspapers failed. And of course it's happening. More than 2,500 newspapers, a quarter of them, have gone out of business since the mid 2000s.
     
  8. MeanGreenATO

    MeanGreenATO Well-Known Member

    The last two places I've worked, including the one I'm currently at, are two of the biggest shops in the country and they have operated that way.
     
  9. Alma

    Alma Well-Known Member

    Why The Athletic Wants to Pillage Newspapers (Published 2017)

    “We will wait every local paper out and let them continuously bleed until we are the last ones standing,” Alex Mather, a co-founder of The Athletic, said in an interview in San Francisco. “We will suck them dry of their best talent at every moment. We will make business extremely difficult for them.”

    Now, later in that article Mather says the following:

    Subscribers might read just one section, but their subscription gets them the entire paper. Mather and Hansmann believe that sports is an undervalued part of that bundle, and that there are tens of thousands of sports fans in each city who don’t care about the other sections, and would rather jettison their subscription and pay for The Athletic instead.

    “I think the sports page has carried local papers for a while, and they don’t treat it well,” Mather said.

    But that doesn't mean the newspapers were necessarily dying out. The sports sections of those newspapers were keeping them alive, to some degree.
     
  10. Alma

    Alma Well-Known Member

    Fair enough.

    There are metrics, of course, for these things. The biggest, biggest papers in America, NYT and The Post, make a lot of sub money off of one Donald Trump.

    The sports operations that rely most heavily on subs - the recruiting sites - have perpetual content. 60 a month, is my understanding at one of the sites.
     
  11. BYH 2: Electric Boogaloo

    BYH 2: Electric Boogaloo Well-Known Member

    Again, it'd be so much easier to get a chuckle out of how the Times gave the venture capital bros their parachute if it didn't net said venture capital bros millions and millions while leaving in an ever-familiar and permanent state of uncertainty all those who'd staked their careers on The Athletic being different.
     
  12. Alma

    Alma Well-Known Member

    Agreed. Although I’m not worried about a number of the top names getting job somewhere else. They always do. It’s the team beat writers - especially in smaller markets.
     
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