New York Times editor admits the obvious: Its readers are economically ignorant

by editor on November 15, 2010

“All the news that fits to print” is out as the New York Times’ slogan. “All the news these morons will pay for” is in.

new-york-times

Its readers are ignorant? This is truly a case of "Those who live in glass houses shouldn't cast stones."

Forbes.com has the inside info on the ignorance:

The New York Times cultivates an image as the preferred read of the intellectual elite, but at least one of the paper’s higher-ups seems to think its customers aren’t all that bright.

During a panel discussion at the Digital Hollywood New York conference, Gerald Marzorati, the Times’s assistant managing editor for new media and strategic initiatives, explained why the paper’s print business is still robust. “We have north of 800,000 subscribers paying north of $700 a year for home delivery,” Marzorati said. “Of course, they don’t seem to know that.”

As evidence that Times subscribers don’t realize how much a subscription costs, he pointed to what happened when the paper raised its home-delivery price by 5 percent during the recession: Only 0.01 percent of subscribers canceled. “I think a lot of it has to do with the fact that they’re literally not understanding what they’re paying,” he said. “That’s the beauty of the credit card.”

Far be it from us to cast aspersions, but considering the New York Times editorial board’s blind adherence to Obama’s economic program, it appears that those geniuses are no smarter with money than their readers are.

Source: Forbes.com

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USN-RETIRED
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USN-RETIRED

MAD magazine hit it right on the head a few DECADES ago – “All the news that fits, we print.”

perlcat
Member

Ah, yes, the wisdom and genius of Bill Gaines/Alfred E. Newman.

matthew s harrison
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matthew s harrison

The thought of someone paying for the NYT is so foreign to me, I have nothing to say-other than really? They pay for that dog shit? And they claim to be intellectual and say I am the moron? Really? That is hilarious!

jukin
Guest
jukin

I personally know of no leftist that has any economic sense at all.

YT
Member
YT

Was it carlos slim who said that? The NYT is just one of many American institutions that have been sold off or morally comprimised due to our massive debt. Why do you think Obama was really in Asia? To beg them to put off their own hapiness to fund our excess a little while longer.

nuke
Member
nuke

Those who write this rag and those who read it – morons all.

KimmyQueen
Member

Absolutely.