The Newspaper Business #
July 28th, 2008 | In Worth Knowing
An under-understood truth:
Paul Krugman was observing that even though the political coverage is the part of the media that people like to talk about, it’s actually fairly marginal to the business. The New York Times is known for its hard news coverage, but he observes that from a business perspective it’s primarily a fashion and food publication that runs a small political news operation on the side. One issue of T Magazine, he says, pays for an entire NYT European bureau.
(via kottke)