ARC's 1st Law: As a "progressive" online discussion grows longer, the probability of a nefarious reference to Karl Rove approaches one

Sunday, March 12, 2006

Newspaper Recognizes Internet - Admits Defeat

H/T Drudge

It appears that the NYTimes has finally recognized that most people don't actually read the stock quote pages, preferring instead up to date information. This is specifically due to the fact that if you're interested in the price of the stock, you have about thousands of resources which are more time sensitive (and thus accurate) at your fingertips, from the interweb thingy that Algore invented to the 24 hour cable financial channels.

April Fool’s: No NYT Stocks

No, that won’t be an April Fool’s Day prank by The New York Times. I’m told that, on April 1st, the Grey Lady is planning to drop its Monday-through-Friday stock listings and to replace them with some kind of new web access. In the paper will be a very limited 1 1/2 pages, trimming those thousands of stock tables to just hundreds. Plans are being finalized what to do on the weekends. Newspaper industry sources tell me that this could represent a $10 million savings to the NYT in newsprint costs and editorial space: ”The way for papers to save money short of getting rid of people is to get rid of stock pages.” For years, the nation’s 900+ newspapers have run the AP’s stock tables, so the trend is going to hurt non-profit AP’s revenues. In the past month alone, the Atlanta Journal-Constitution, Chicago Tribune, Newsday, and the Denver Post are just some of the papers that have eliminated their stock listings. But the NYT is the biggest newspaper yet to follow the trend: after the Grey Lady, comes le deluge. Could it be possible that the Wall Street Journal is next? Speaking of the WSJ, I’m told to expect another round of staff cuts through layoffs and attrition.

Heck, I would trade all of the pages of stock quotes for more insight and analysis in the markets, business, etc.

I expect that the WSJ to be the last holdout in this regard, but ultimately all dead tree publisher will all submit to the will of the Internet.

Your Co-Conspirator,
ARC: St Wendeler