New York Times CEO Mark Thompson says the coronavirus pandemic presents an opportunity for news organizations to find new audiences and highlight the essential role of journalism
But New York Times CEO Mark Thompson said the crisis also presents an opportunity for news organizations to find new audiences and highlight the essential role of journalism. "Moments like this, this extraordinary and terrible experience which this country and the world is going through, is a moment for news organizations and newspapers to find audiences and prove the value of trustworthy news," Thompson told CNN's Brian Stelter on"Reliable Sources" on Sunday.
"However, Thompson said the Times is better able to weather this revenue crunch than those of years past, as the company now relies on advertising for only a quarter of its total revenue. Far more important now are its subscriptions, where Thompson said the company is experiencing"really quite astonishing growth." New York Times reaches a record 6 million subscribers but ad revenue falls by double digitsOther news organizations are not so well positioned.
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