SXSW – The Future of The New York Times

12 03 2012

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It didn’t take long for the Texas Tribune editor Evan Smith to get to the heart of the matter in his interview with New York Times executive editor Jill Abramson. Is the metered model really working for the New York Times? Abramson was unequivocal, at 390,000 at the last count, subscribers are a key revenue stream.

So does that mean that we can envisage a time when the print version will go altogether? “I don’t think we’re going to get there any time zoom” said Abramson and with 850,000 print copies still being delivered it is difficult to disagree.

Unsuprisingly Evan Smith is a great interviewer. The post Murdoch Wall Street Journal comes under fire, but Abramson isn’t drawn into criticising the direction the journal has taken under News Corp. “It’s still a major competitor”.

Despite, or maybe because of the paywall, The New York Times has embraced social media both as a way of gathering news and promoting their content “400 reporters are on twitter” says Abramson. Tweetdeck is used as part of the news gathering process.

The New York Times makes the metered model work because it is a powerful brand with loyal readers. Social media is an increasingly important part of the mix and inevitably, in the medium term, that will place pressure on the paywall. Abramson concedes “The free model works in terms of scale in certain ways”.

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