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Message
re: The New York Times buying The Athletic for $550 million.
Posted on 1/6/22 at 1:43 pm to S
Posted on 1/6/22 at 1:43 pm to S
quote:
Yea it’s good. The times has pretty good sportswriters too like Rory Smith. Of course the idiots on this board are so twisted over politics they’re expecting it to be nothing but content akin to the Undefeated
They're really poorly run across the board. I'm not Trumpkin and find the NYT to be awful these days. I am in my 40s and loved it 20 years ago. They just take stances on everything, bought really hard into "gotcha" journalism and cancel culture, and really let some great writers go because they thought the scandal shite would sell more papers. It may have in the interim, but the lifetime subscribers like me have canceled.
I also think they broke their own, very old record, for retractions this year or last. It's just not as quality as it used to be.
But as I said earlier, I still pay for their crosswords
2
Posted on 1/6/22 at 1:45 pm to Fun Bunch
This seems like the typical media-sub ponzi scheme. NYT is just trying to pump up share values.
Posted on 1/6/22 at 1:45 pm to VolsOut4Harambe
quote:
The Athletic was one of the few purely sports sources without woketardness.
Brodie Miller brought up Orgeron not knowing about the BLM team march in almost every preseason article he wrote this past summer. He also distinctly praised hiring Jones because he was black. Other than Terrel and Holder with the Saints, Brodie was who I read the most. His stuff got more and more woke the more LSU lost.
Posted on 1/6/22 at 1:51 pm to DestrehanTiger
quote:
Brodie Miller brought up Orgeron not knowing about the BLM team march in almost every preseason article he wrote this past summer. He also distinctly praised hiring Jones because he was black. Other than Terrel and Holder with the Saints, Brodie was who I read the most. His stuff got more and more woke the more LSU lost.
This is true. Brodie really jumped the woke shark.
Posted on 1/6/22 at 2:23 pm to CatfishJohn
quote:
Ehhh tons of successful businesses lose money in their first 3-5 years. Usually part of their business model to profitability and they plan for it.
Certainly. Those businesses however weren’t in a completely dying industry and aren’t competing with free and extremely easily accessible services for room in the space, again much like Movie Pass or pretty much any other form of newspaper reporting that still exists (See: The NY Times)
This post was edited on 1/6/22 at 2:25 pm
Posted on 1/6/22 at 2:26 pm to 504Voodoo
quote:
I'm sure they weren't making much from those $9.99 yearly memberships.
Their revenue was decent. They were just spending a ton.
Posted on 1/6/22 at 2:32 pm to CatfishJohn
quote:
They're really poorly run across the board. I'm not Trumpkin and find the NYT to be awful these days. I am in my 40s and loved it 20 years ago
All of this
I remember during the 2016 election wondering what the hell was going on. At some point they became just consumed by identity politics. Stuff like trans rights became a huge coverage issue at the same time the rust belt was suffering through a opioid epidemic and massive joblessness.
quote:
I also think they broke their own, very old record, for retractions this year or last
Even the stuff they don't retract is low quality. They have essentially become CNN or Fox with a more aristocratic patina.
Posted on 1/6/22 at 2:36 pm to wildtigercat93
yeah don't think i've ever had to pay more than a few bucks for a full year of the athletic.
Posted on 1/6/22 at 2:55 pm to Fun Bunch
I don't pay for opinion pieces. I have no need for the.. I don't give a damn what a journalism major has to think about anything, much less sports.
Posted on 1/6/22 at 3:09 pm to 1999
quote:
yeah don't think i've ever had to pay more than a few bucks for a full year of the athletic
I got it for like a buck a month for 6 months and they hit me with a 70 dollar auto renew at the end and I called and they instantly refunded it and offered me another 2 months free for the trouble
Posted on 1/6/22 at 3:26 pm to S
quote:
Of course the idiots on this board are so twisted over politics they’re expecting it to be nothing but content akin to the Undefeated
It's had a healthy amount of that content lately. I don't think it takes a big leap to assume the NYT is going to make the "Culture" tab a more robust part of the site.
Posted on 1/6/22 at 3:57 pm to Fun Bunch
They send a lot of fricking emails I know that.
Posted on 1/6/22 at 4:00 pm to Fun Bunch
Wonder how many people will not renew their subscriptions now.
Posted on 1/6/22 at 4:52 pm to TrouserTrout
quote:For those wondering.
"The Athletic will be a subsidiary of The New York Times Company and continue to operate separately."
Posted on 1/6/22 at 5:07 pm to VolsOut4Harambe
quote:
The Athletic was one of the few purely sports sources without woketardness
This is not even close to being a true statement. All of their national writers have stances that lean or full out bend in that direction. I only keep my subscription for local coverage of my teams, but even some of that has been tinged with wokeness at various times.
Posted on 1/6/22 at 5:28 pm to Fun Bunch
quote:just cancelled
The New York Times buying The Athletic for $550 million.
Posted on 1/6/22 at 5:42 pm to Rouge
Over the last 5 years, The Athletic has proven to be an incredible case study on the business of sports media. They have raised $140 million. They aggressively expanded their coverage domestically and abroad, from 0 markets in 2016 to ~50 markets just 5 years later. They now have more than 600 full-time employees, and at over 80%, they boast about their incredible customer retention rates.
But there is just one problem: Despite 1.2 million subscribers, $80 million in revenue last year, and a valuation north of $500 million, The Athletic still isn’t profitable. The company has reached desired size and scale, but the business model isn't working. That’s not me being harsh. It’s the truth.
I subscribe to The Athletic and cannot see how in the hell they would need 600 employees. Frankly, I'm amazed at how many employees a lot of these online outfits have. Can someone explain where the need for that much manpower is?
But there is just one problem: Despite 1.2 million subscribers, $80 million in revenue last year, and a valuation north of $500 million, The Athletic still isn’t profitable. The company has reached desired size and scale, but the business model isn't working. That’s not me being harsh. It’s the truth.
I subscribe to The Athletic and cannot see how in the hell they would need 600 employees. Frankly, I'm amazed at how many employees a lot of these online outfits have. Can someone explain where the need for that much manpower is?
Posted on 1/6/22 at 6:22 pm to Fun Bunch
I'm curious how much of the "talent" got equity. I think there were a lot of layoffs a few years ago, so many of them may have been happy just to have a job. But did bigger names like Stewart Mandel get some sweet tech-company style stock option deals?
Posted on 1/6/22 at 6:25 pm to TouchedTheAxeIn82
Jayson Stark Twitter...
https://twitter.com/jaysonst/status/1479235979173105664?s=21
quote:
Excited about the news that @TheAthletic has been purchased by The NY Times. I know you have lots of questions. We do too. One that’s been answered: The Athletic will continue to operate independently. So I look forward to doing what I love most - telling great, fun stories.
https://twitter.com/jaysonst/status/1479235979173105664?s=21
Posted on 1/6/22 at 6:59 pm to CatfishJohn
quote:
also think they broke their own
Thought the same and pretty sure Carlos Slim gave em a billion dollar bail out a few years back.
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