New York Times – “A sinking ship, but may survive in the long-term”

Pros

One of the most prestigious newspaper companies in the world with a tremendous well of talent. The staff is incredibly dedicated to the mission and proud of their company. Creativity and team-work is very strong. There is also a strong culture of flexibility and work-life balance.

Cons

The Times, like many newspaper companies these days, is faced with a rapidly declining revenue base and high fixed costs. Unlike many other newspapers, the company has not been proactive in reducing inefficient practices and lacks a coherent strategy for the future. There have been too many mistakes made in the areas of systems, back-office consolidation and operations that have resulted in very costly distractions and management energy.

Advice to Senior Management

Hire more outside talent to strengthen management team.