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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.