this post was submitted on 13 Mar 2024
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I won't necessarily disagree wrt the small readership -- but The New York Times is notable because it is at this point the only big outlet which is both still doing actual journalism (as in researching big stories from scratch and determining the truth of them from primary sources) and also making a profit at it. There are lots of examples of each one in isolation (although, tragically, less and less of the first one year by year), but they are the only one left that is doing both.
If they're starting to turn over to the "truth doesn't matter gimme that bag" side (which it seems like to some degree they are), then it's a significant loss.
I haven't read anything from the NYT that would constitute "actual journalism" in what seems like many years now. It's not much different than the NY Post, just with less bombast.
This is just exposing that you don't actually read the New York Times.
Here's an article on the plight of Gazans in Rafah in the face of a potential Israeli invasion.
Here's an overview on the gang situation in Haiti as the government is functionally collapsing.
And here's an article discussing the increasingly common practice of restaurants charging significant cancellation fees.
Meanwhile, the NY Post has such great stories as:
The formal news section of the NY Post is not that different than the NY Times. It's just not the focus of the NYP. And the NYT isn't reporting anything beyond the most basic of news events. It's pretty much the same thing as reading the AP. I can't remember the last time they got a real scoop or any inside sources on anything.
https://www.wsj.com/articles/the-facebook-files-11631713039 NYT not the only big outlet doing "actual journalism"
not sure about WSJ's profitability quarter to quarter, but I don't think they are actively sinking.
And of course: opinion side of any paper is NOT news, regardless of your alignment.
So most of my assertion that the Times is the only profitable one comes from this article.
not sure about WSJ's profitability quarter to quarter, but I don't think they are actively sinking.
The Facebook Files story is not exactly the victory for journalism you're saying though... my immediately takeaway from that is that the journalistic impact of the (surely accurate) information in it will probably be exceeded by the propaganda impact of adding weight to the "Twitter Files" mythology by simply running the story and calling it that. Maybe I am wrong in that but that's my immediate takeaway.
So doomsaying stories about how all their readers are dying notwithstanding, I guess I should admit that WSJ is consistently making money (even during recent quarters when NewsCorp has dipped into the red overall). My own internal compass categorizes them not quite in the journalism category because they have such a right-wing-friendly perspective but I'll admit that's 100% based on ideology. They are journalism I guess, yes; it's not like they print lies or made up stuff or anything.