New York Times CEO: Printing News May Disappear After 10 Years

- May 20, 2018-

New York Times CEO: Printing News May Disappear After 10 Years

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According to CNBC, Mark Thompson, chief executive of New York Times Company (NYSE:NYT), told CNBC on Monday that he believes that the newspaper press may have a “lifespan” of ten years.

"I think that at least in the next decade, we can see our own print products in the United States," Thompson said in an interview with CNBC's program "Power Lunch." He said he hopes to see that the printing business will be able to "survive and thrive as long as possible", but at the same time admits that this industry may face a "expiry date."

"We will simply make decisions based on economic factors," he said. "At some point, the economics of (printed newspapers) may no longer make sense to us."

"The key issue for us is that we are working around the center," said Thompson. “Our plan is to provide services to loyal printed newspaper subscribers as long as possible, but at the same time, we must also build digital business so that the company can successfully maintain growth and continue to operate even after the demise of printing. Successful news business."

In fact, digital subscription services may be the reason why the new generation of readers continue to read The New York Times. The company’s data released last week stated that in the fourth quarter of 2017, the number of its digital subscribers increased by 157,000.

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