New York Times Freezes Wages, New Yorker on the Print Crisis
This week The New Yorker gets aboard the collapse of the newspaper industry train:
The real problem for newspapers, in other words, isn’t the Internet; it’s us. We want access to everything, we want it now, and we want it for free. That’s a consumer’s dream, but eventually it’s going to collide with reality: if newspapers’ profits vanish, so will their product.
In related news, the New York Times has announced that it is freezing wages in 2009 for non-union staff both in print and online (full text of Sulzberger’s memo after the jump).
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