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Friday, December 16, 2016

The death knell of the dinosaur media

The New York Times has entered its terminal decline:
When we moved into our new building in 2007, we saw it as a modern headquarters for a modern New York Times. We still feel that way.

But as Mark mentioned in the State of The Times last month, after a good deal of consideration, we have determined that the way that we use our headquarters building needs to evolve to better match the changes you and your colleagues have been driving across every part of the company.

The current way we have configured our office makes us slower and less collaborative. It is also, frankly, too expensive to occupy this many floors when we don’t truly need them.

We’ve made the decision to consolidate our footprint across the building to create a more dynamic, modern and open workplace, one that is better suited to the moment. We’re planning significant investments in a redesign of our existing space in order to facilitate more cross-departmental collaboration.

We expect a substantial financial benefit as well. All told, we will vacate at least eight floors, allowing us to generate significant rental income.

We have engaged Gensler, an architecture and interior design firm, to help us redesign our workplace and beginning early next year, work will begin on select floors below 14. By the end of next year, we expect to have consolidated our occupancy to that side of the building. We will keep the cafeteria and the conference rooms on 15.

We have already seen that changing office layouts can lead to good results. Some of the most creative wings of the company — the Beta team, the Graphics Department and some of our technology teams have changed their floor plans to help improve the way they work.

The coming redesign will introduce more team rooms and common spaces. And, we will do away with big corner offices, like the ones you see on the 16th and 17th floors, including, yes, the publisher and CEO’s offices. We don’t need to preserve those vestiges from a different era, so we won’t.
What a pity they employed Paul Krugman back in 2007, rather than a more astute economist who saw the 2008 financial crisis coming, who could have warned them that buying real estate was not a good idea at the time.

Anyhow, it will take a while before the NYT goes away entirely, as there is a lot of ruin in a major media institution, but it won't be too terribly long before its debts exceed its assets.

Labels: ,

98 Comments:

Blogger GFR December 16, 2016 3:34 PM  

Would that be a good location for new "Breitbart" offices?

Anonymous BBGKB December 16, 2016 3:37 PM  

You want to see death warmed over look at these old sh!tlib actors & possibly C list actors telling the Electoral College they should start Civil War II

http://reactionarytimes.blogspot.com/2016/12/old-hollywood-communists-too-senile-to.html

. It is also, frankly, too expensive to occupy this many floors when we don’t truly need them

"We will kick the Russians out from under Saul's bed and have meetings there." OMG what if the Russians under the NY Times reporter's beds were just Russian jews? Wont they feel silly.

Some of the most creative wings of the company — the Beta team, the Graphics Department

I thought all of their teams where gamma teams?

Blogger CarpeOro December 16, 2016 3:40 PM  

"State of the Times". May as well replace it with a "Sign of the Times". I picture a neon Exit sign as being appropriate.

Anonymous A Most Deplorable Paradigm Is More Than Twenty Deplorable Cents December 16, 2016 3:41 PM  

Who owns the building? The Sulzbergers, or a corporation, or some hybrid entity? They could fill up those floors very quickly with Section 8 diversity. That would be both socially conscious and good for business. Because diversity is our strength!

Blogger GFR December 16, 2016 3:43 PM  

I bet Trump could make it into a nice hotel..

Blogger Elocutioner December 16, 2016 3:44 PM  

They could house some of Carlos Slim's people there but they won't because they're racists.

Blogger S. Misanthrope December 16, 2016 3:46 PM  

Bwahaha, good, burn in open office hell, fuckers [she says while sitting in open office hell, sigh.]

Blogger R Doom December 16, 2016 3:47 PM  

I love the spin they put on it...granted, they've had lots of experience with spin, but calling this a "consolidation" instead of a "hospice care while the last of us wither away" is pretty good.

Anonymous Just another commenter December 16, 2016 3:50 PM  

I'm assuming billionaires who need good press written by professional bloggers with an impeccable cover-story will continue to subsidize the Times for a long time via ownership and bailouts.

It's not that the Times will become less relevant, it's just that the existing irrelevance will become more frequently noticed, even if not discussed in polite society (who are also increasingly irrelevant).

Anonymous Iron Spartan December 16, 2016 3:54 PM  

Sounds like they are going the open cube farm route, which means everyone sees everything you do, with no place to even pretend like you are anything but a disposable cog.

I give it a year until anything with talent has long fled

Anonymous Dave December 16, 2016 3:55 PM  

Stupid question: which floors will the fake news department occupy?


OT but football: AD to play Sunday.

Blogger tz December 16, 2016 3:56 PM  

Chesterton said to ignore the times and worry about eternity.

Where's Carlos Slim when his blog needs more support?

Blogger tz December 16, 2016 3:57 PM  

Are they going to install glass ceilings? And throw stones?

Blogger tz December 16, 2016 3:58 PM  

Before fully separating, Trump should buy the 8 floors and let it be a sanctuary for Refugees and Immigrants.

Anonymous Lawyer Guy December 16, 2016 4:00 PM  

Three thoughts...

1. Where did they see the business model and size 10 years ago?

2. Are they projecting not making the stroke on the building or rearranging deck chairs on a sinking ship?

3. I thought the CEO level was disconnected for a reason, so that they could bring in subjects and play kingmaker? Does Carlos want to do that himself, now?

Anonymous Your cube mate December 16, 2016 4:00 PM  

S. get back to work; they're watching you.

Anonymous A1 December 16, 2016 4:05 PM  

I've written a lot about the NYT on financial media sites, and they better get very good at the rental business, they're going to need it as they continue to shrink and lose the need for much physical space.

That said, more than likely they'll find another suitor as the Washington Post did with Bezos. The liberals aren't going to allow their foundational propaganda outlet to completely die, as it would reflect the lack of substance to their worldview, and point to the loss of influence and reversal of fortunes in the culture war.

It'll be propped up like the zombie media outlet it has been for years, but it'll continue to lose face and cultural value as people choose more accurate and interesting news sources to consume their media from.

Probably the best way to look at it is in the same way some may look at historical sites that are restored for not much more reason than representing a past long gone. It's quaint and instructive of a day and time that no longer exists. That's where the NYT is headed, no matter who tries to bail it out and prop it up to give the illusion of sustainability and legitimacy.

Blogger Bob Loblaw December 16, 2016 4:11 PM  

I bet Trump could make it into a nice hotel..

A fabulous hotel. Most luxurious you ever saw.

Blogger dc.sunsets December 16, 2016 4:12 PM  

There should be a short, catchy way to toast the demise of one's antagonists that pulls in the fact that they turned their own firms into black holes for their owners' capital.

Maybe in a few years it will be a standard joke to point out that the best way to make a small fortune is to begin with a large fortune and buy a newspaper.

Anonymous St. Cecilia December 16, 2016 4:17 PM  

Why don't they just ask Donna Brazile for a grant?

Anonymous VFM #6306 December 16, 2016 4:19 PM  

Ha ha! "Open concept." i.e. "Loud, depersonalized crowd control."

A great way to make sure your skeleton crew can't plot anything productive.

Blogger CarpeOro December 16, 2016 4:40 PM  

Sitting here at my new job after escaping my last one before the door slammed on me, I have the perfect cost cutting feature. Outsource the writing of columns to India. Think of the money saved. They'd still have writers that didn't necessarily care about the USA (though they may need to work at it to reach NYT levels) or their readership. They wouldn't need to know anything about, well, much of anything. Think of the diversity levels they'd hit! Of course, they could go with mainland China as an alternative and get writers that actively dislike the USA. Win-win either way.

Anonymous aegis-1080 December 16, 2016 4:48 PM  

In 4 years people will be talking about the NYT like they currently do about NRO, while NRO will simply not exist.

Blogger Snidely Whiplash December 16, 2016 4:52 PM  

Dave wrote:Stupid question: which floors will the fake news department occupy?
Depends. Which floors will the NYT occupy? All of those

CarpeOro wrote:I have the perfect cost cutting feature. Outsource the writing of columns to India.
"American voters. It is important that we not all die. Please do the needful. Thank you."

Blogger pyrrhus December 16, 2016 4:54 PM  

Hysterical Twitter sequence between Newsweek anti-Trumper Eichenwald and troll...I have rarely laughed so hard....http://www.mediaite.com/online/kurt-eichenwald-claims-twitter-troll-gave-him-seizure-taking-social-media-hiatus/

Blogger pyrrhus December 16, 2016 5:13 PM  

@12 "Chesterton said to ignore the times and worry about eternity.

Where's Carlos Slim when his blog needs more support?"

Carlos didn't get $40 billion by supporting losers--he's cutting his losses...

Blogger Lazarus December 16, 2016 5:15 PM  

NYT wants social media to subsidize print Media....

ZH article 3 days ago:

That said, Mark Thompson, the President and CEO of the New York Times, is convinced that Silicon Valley's social media and search giants are to blame for failing print newspapers around the country. And, like any good liberal, Thompson's first reflex to fix failing businesses is to provide subsidies...and apparently he thinks the tech titans should pay those subsidies.

Blogger pyrrhus December 16, 2016 5:15 PM  

@22 They could hire MSFT's AI, which would periodically produce "Race War" columns praising (literally) Hitler!

Anonymous crushlimbraw December 16, 2016 5:16 PM  

So Trump is leaving a successful real estate business to go into politics and newsmaking - and DaTimes is leaving a failing news/political forum to go into real estate.
Hmmmm - I'm betting on Trump!

Blogger Iconoclast December 16, 2016 5:27 PM  

I didn't see HR as one of the departments to be relocated. Hmm...

Anonymous Bowman December 16, 2016 5:35 PM  

Of course they first present the downsize as if it was a voluntary move, and not only voluntary but for the people (Democracy yay!)
"to better match the changes you and your colleagues have been driving"

And the "substantial financial benefit as well" is only evoked later. As if it was a nice side effect.

Poor guys they can't have a genuine talk, even with their own employees.

Anonymous Trent Doyle December 16, 2016 5:37 PM  

Ummmm, the NYT is growing at unprecedented rates

http://www.cnbc.com/2016/11/29/new-york-times-subscriptions-soar-tenfold-after-donald-trump-wins-presidency.html

This post is complete malarkey. Just totally divorced from reality

Blogger Geir Balderson December 16, 2016 5:39 PM  

"But as Mark mentioned in the State of The Times last month, after a good deal of consideration, we have determined that the way that we use our headquarters building needs to evolve to better match the changes you and your colleagues have been driving across every part of the company.

The current way we have configured our office makes us slower and less collaborative. It is also, frankly, too expensive to occupy this many floors when we don’t truly need them."

So, we have decided to place our people into Food Trucks. Then, we can prepare good nourishing food as well as write the News. I have sampled some of the items and I am sure our Times Tacos will be a great hit as well as the Krugman Jerked Chicken. The NYT will be responding to the taste and needs of New York City whether it be Fake News or pulled pork samiches! We will march into the future! Beware Mickey D!!!!!

Anonymous Spinrads Agent December 16, 2016 5:45 PM  

So, the NYT has morphed into a New York property developer.

It's true then. You really do become the thing you hate.

Blogger daddynichol December 16, 2016 5:49 PM  

Execuspeak translator: We're downsizing. Prepare your resume.

Anonymous kfg December 16, 2016 5:53 PM  

"I picture a neon Exit sign as being appropriate."

The NYT has No Exit.

Anonymous A Most Deplorable Paradigm Is More Than Twenty Cents December 16, 2016 6:00 PM  

@14 tz
Before fully separating, Trump should buy the 8 floors and let it be a sanctuary for Refugees and Immigrants.

Buy? No way. Lease those floors and use them as temporary housing for "Syrian refugees" with some Somali's thrown in for variety. When the toilets on those floors become unusable, why, send them down to the NYT offices. Surely Times cube farmers will welcome Diversity with open arms?

Blogger Eric Mueller December 16, 2016 6:07 PM  

Good riddance. Ha! Ha!

I've heard reports that CNNs building has degraded quite a bit. They don't do the cleaning and maintenance they used to. Guess they can't afford cleaners and maintenance people.

I'll be glad when they all collapse.

Blogger Cail Corishev December 16, 2016 6:11 PM  

"The NYT will be responding to the taste and needs of New York City whether it be Fake News or pulled pork samiches!"

Pork? Come on.

Blogger MeneMene December 16, 2016 6:15 PM  

I wonder how many floors they're keeping?

Anonymous Seneca December 16, 2016 6:15 PM  

I would consider downsizing their office footprint in the name of cost savings to be more reliable than an editor claiming their new subscriptions are up ten fold in the middle of a twitter spat with the president elect.

Bogus, cherry-picked or misleading statistics are easy to generate and tweet. Leasing out 8 floors your previously occupied is a little harder to fake.

Blogger frigger611 December 16, 2016 6:17 PM  

It sounds too, like they want more final product to be done by committee, declaring "in order to facilitate more cross-departmental collaboration."

Well, if they had spent a little more time cultivating their own educations instead of dedicating their lives into remaking the rest of us into better people, they would know what a "horse by committee" is.

This all started when teachers thought it was a good idea to arrange our desks in a circle.

Blogger Pseudotsuga December 16, 2016 6:23 PM  

Quick! Buy a buggywhip so the buggywhip makers can stay employed!
Why do you hate them so much that you won't buy a buggywhip from them?

Anonymous jon December 16, 2016 6:32 PM  

"What a pity they employed Paul Krugman back in 2007, rather than a more astute economist who saw the 2008 financial crisis coming, who could have warned them that buying real estate was not a good idea at the time."

Although they undoubtedly overpaid, it looks like having valuable real estate will help them transition from unprofitably media company (with valuable real estate) to profitable real estate management company (with popular condo newsletter).

Anonymous dr kill December 16, 2016 6:36 PM  

But where is Glenn Thrush's new office?

Blogger Thucydides December 16, 2016 6:40 PM  

@3

No, this: https://www.youtube.com/watch?v=S9cVs1LEns4

Anonymous Kevin R.C. O'Brien December 16, 2016 6:43 PM  

Marti di Bergi: ...does this mean uh...the popularity of the group is waning?

Ian Faith: Oh, no, no, no, no, no, no... no, no, not at all. I, I, I just think that the... uh... their appeal is becoming more selective.

Anonymous Steve December 16, 2016 6:48 PM  

the NYT is growing at unprecedented rates

Hmm.

the Times has seen "a net increase of approximately 132,000 paid subscriptions to our news products,"

Lol. That's a growth rate of fuck-all in hard cash terms for a firm of their size and cost base, what with basic subscriptions being discounted to about a dollar and change a week. And no minimum contract term, so their new virtue signal driven impulse buyers can easily drop them.

If that's the best they can do after Trump gave them all that free publicity in nationally televised speeches and repeated mentions to his 17m Twitter fans, the next NYT announcement will ask its employees to report to the parking lot for a message from HR.

Anonymous Überdeplorable Psychedelic Cat Hair December 16, 2016 7:02 PM  

"@22 They could hire MSFT's AI, which would periodically produce "Race War" columns praising (literally) Hitler!"

@28 Oh, I remember that well! That was some fine black knighting. "Gas the kikes, race war now!" Too funny.

I read this on ZH via Drudge and smiled. Couldn't have happened to a nicer group of ***holes!

"Three thoughts...

1. Where did they see the business model and size 10 years ago"

@15 I was a senior in college eight years ago. I remember a few weeks before Dear Leader/El máximo comandante was elected, one of my profs (a lib but that's redundant) lamented the closure of his hometown's newspaper which had served the community since the 1870s. Needless to say this was Bush's fault instead of the obvious: in the 21st century people have a plethora of news sources to go to now. Evidently, back in '06 NYT didn't get the memo.

"Hysterical Twitter sequence between Newsweek anti-Trumper Eichenwald and troll...I have rarely laughed so hard....http://www.mediaite.com/online/kurt-eichenwald-claims-twitter-troll-gave-him-seizure-taking-social-media-hiatus/"

@25 The comments were even better, especially the one from the board certified neurologist. MOAR! MOAR!!

"That said, Mark Thompson, the President and CEO of the New York Times, is convinced that Silicon Valley's social media and search giants are to blame for failing print newspapers around the country. And, like any good liberal, Thompson's first reflex to fix failing businesses is to provide subsidies...and apparently he thinks the tech titans should pay those subsidies."

@27 So the Left eating the Left? Who saw that coming? Heh heh heh.

"Quick! Buy a buggywhip so the buggywhip makers can stay employed!
Why do you hate them so much that you won't buy a buggywhip from them?"

@43 But but but muh horseless carriage!

Blogger Rough Carrigan December 16, 2016 7:02 PM  

The ny times really shot itself in the foot when it paid $1.1 billion for the boston globe in the mid 1990's and then a further $295 million for the Worcester Telegram. (Worcester is the second largest city in Massachusetts with a population of around 190,000.

The oh so sophisticated ny times then sold these two papers in 2013 for $70 million a cool 95% loss if one ignores inflation.

Combining these blunders with the purchase of a new building at the height of the real estate bubble and you have an organization that would be in trouble even if it weren't run in a way guaranteed to absolutely alienate at least half of its potential customer base

Anonymous RA December 16, 2016 7:09 PM  

@26, Carlos Slim didn't get rich competing in the open marketplace. Suddenly now that he has to with the NYT, he's not so hot.

Blogger Doc Rampage December 16, 2016 7:12 PM  

The tech field has been doing this for years out in Silicon Valley. They have huge warehouse rooms with software engineers sitting at rows of tables. No cubicles, even. Guys with graduate degrees making six figures working in conditions like garment manufacturing laborers. They say it is to help with collaboration, but it is really to help with the incredible real estate costs in the area-- costs that the tech firms have driven up by being unwilling to locate anywhere less sexy than the San Francisco Bay area.

Anonymous Silly but True December 16, 2016 7:15 PM  

"cross-departmental collaboration" in normal language means "We're merging Section A / front page with entertainment; also doing away with separate Op-Ed section as that will also be buried in same section combined #fakenews infotainment focus of our consolidated paper."

Anonymous BBGKB December 16, 2016 7:21 PM  

Carlos Slim didn't get rich competing in the open marketplace. Suddenly now that he has to with the NYT, he's not so hot

He was given a monopoly for most of his money but it was being non white that gave them the Obamaphone contract that made him richer than GATES.

costs that the tech firms have driven up by being unwilling to locate anywhere less sexy than the San Francisco Bay area.

Hey they might have a sh!tty work environment but at least they can legally take dumps in the street.


OT: Great news for Dieversecity, those white cops are quiting. 99 Dallas officers have quit or retired in last 10 weeks, reports say

Read more here: http://www.star-telegram.com/news/local/community/dallas/article120589238.html#storylink=cpy

Blogger GFR December 16, 2016 7:24 PM  

@48
.
The solution is staring them right in the face but they ABSOLUTELY will not acknowledge it.
.
The NYT is a disgusting propaganda rag that just happens to have some really talented writers. You can see that whenever they have them write about something that doesn't have a political aspect - without the need to parrot the narrative de jour, their ability comes out.
.
If they let the readers rate the articles they would soon find that the writers who were fair and objective on political issues would get better ratings.
.
If the writers with the highest ratings got assigned the more important topics they would eventually rise to the top.
.
Better still - pay the writers based on the ratings.
.
Or keep going the way they're going - I'm sure that will work..

Anonymous RA December 16, 2016 7:36 PM  

OT: Great news for Dieversecity, those white cops are quiting. 99 Dallas officers have quit or retired in last 10 weeks, reports say.

Not a word in that article about the real problem: the Dallas police and firefighter pension plan is essentially broke. Hence the officers were plundering the plan for lump sum payouts, getting their money out while they can. Guess those who got their lump sum were the lucky ones as the Dallas mayor unilaterally suspended the payouts a few days ago. The plan is allegedly only about 20% funded and had declined so rapidly to that point due to the withdrawals that the plan was asking the Dallas city council for extra funding money that likely isn't there. In other words, the already high property taxes aren't high enough.

Blogger Rough Carrigan December 16, 2016 7:42 PM  

#53, funny stuff. As if the ny times' op ed is not already an integral part of what they write about everything.

Blogger Were-Puppy December 16, 2016 7:48 PM  

Hope they enjoy being in an open floor plan cube farm - I bet the cut corners on the furniture and get those hobbit sized cube walls also :P

I always hated that - open floor plan means you have to listen to everybody else phone calls, yapping, etc.

Blogger Were-Puppy December 16, 2016 7:50 PM  

@4 A Most Deplorable Paradigm Is More Than Twenty Deplorable Cents

Who owns the building? The Sulzbergers, or a corporation, or some hybrid entity? They could fill up those floors very quickly with Section 8 diversity.
---

Or put a bunch of rapefugees in there, and then we can watch the NYT do the dance where they are ok being raped, murdered and pillaged :P

Blogger Were-Puppy December 16, 2016 7:52 PM  

@7 S. Misanthrope
Bwahaha, good, burn in open office hell, fuckers [she says while sitting in open office hell, sigh.]
---

The open office idea is a cost saving measure originally. Back in the day they used to have cube walls that were 5' or so. Then they became tiny hobbit sized walls. Then some budget guy said, they are all looking at each other anyway, lets stick them all together and save a few bucks.

They probably realized they would be swapping us all out with dots so didn't give a rats azz

Blogger Technomad December 16, 2016 7:55 PM  

Good riddance to bad rubbish.

Blogger Were-Puppy December 16, 2016 8:05 PM  

@25 pyrrhus
Hysterical Twitter sequence between Newsweek anti-Trumper Eichenwald and troll...I have rarely laughed so hard....http://www.mediaite.com/online/kurt-eichenwald-claims-twitter-troll-gave-him-seizure-taking-social-media-hiatus/
---

This is why I love the alt-white.

They can be guaranteed to deal with any jewish issues that come up, and I can continue to completely ignore them!

If you haven't seen Tucker Carlson ask this idiot a simple yes or no question, and get back a 50 pound sack of word salad, check it out :P

This guy is right up there with (((Bill Kristol))) as who comes to mind when I see that fiendish little cartoon rubbing it's hands together.

Blogger Were-Puppy December 16, 2016 8:08 PM  

@30 Iconoclast
I didn't see HR as one of the departments to be relocated. Hmm...
---

HR - Housing Renovation - they can make sure that every Cube Table has one of each diverse individual on each team. Imagine how many virtue signalling points this will give the HR folks on their resumes! They will need them soon.

Blogger Tina December 16, 2016 8:32 PM  

Weird thing is, every old-time newspaper office I have ever been in had no walls - the newsroom was a bullpen with various departments grouped into regions, but there wasn't any privacy and everyone heard everything.

@38 Eric Mueller wrote "I've heard reports that CNNs building has degraded quite a bit. They don't do the cleaning and maintenance they used to. Guess they can't afford cleaners and maintenance people."

That is a significant sign. Not only does it mean they are slashing the budget, but also that Sr Mgmt all the way to the top does not recognize which roles are important to success in the business. An ill-maintained business is like a banker with the same stain on the same tie for a week.

Mr Trump stops and speaks with his janitoral staff, and has specifically mentioned in interviews how much he enjoys the gleaming cleanliness of a building as he walks through it. He knows that cleaning is the most important job no one else ever notices.

Professional cleaning staff are essential - it isn't something that just anyone can do. A business that lets go of its professional cleaning people gives a fast object lesson to bring the inevitable failures of communism into clear view. No one will clean the bathrooms. No one cleans the mirrors in the halls (remember that Obama selfie in the White House?). No one dusts the baseboards or cleans around the light switches. Then no one replaces the light bulbs. Then no one replaces the broken lenses from where someone tried to replace the light bulbs. Then they prop up the broken leg on the desk with some box of books. Except it isn't a box of books - it's HR records or customer records or tax records, and the company ends up in hot water because no one can find that box.

Blogger Cataline Sergius December 16, 2016 8:53 PM  

Krugman claimed that the election night market crash was going to be the start of a decade long depression.

Question: how many economists get rich playing the market?

Blogger tz December 16, 2016 9:05 PM  

The Times they are a-changin'. - Dylan.

The right shaped charges on the lease and a really great building with a really great occupants could arise from the rubble.

I'm waiting for some Islamic terrorist to threaten the left coast with an earthquake and Tsunami. If credible I think there would be patreons, gofundmes, kickstarters, and indegogos - "Destroy the blue states, contribute here", and it would be fully funded within 72 hours, with stretch goals for the east coast a few hours later.

Blogger tz December 16, 2016 9:07 PM  

Who said Libertarians can't Troll, but Krugman is an easy target, particularly since he appeared to wish to be part of Hillary's cabinet. (The duo also had the excellent "Interview with a Zombie" about Tom's "Nullification").

Blogger Eric Mueller December 16, 2016 9:14 PM  

@64 Tina, you're right about that. Have you seen the documentary about Trump's plane? https://www.youtube.com/watch?v=OygETK3-oN4 The pilot loves his job, and he knows damn good and well what does and does not work when it comes to Trump. He's in the plane laying down hardwood floor making sure the plane is right.

I had a thought while reading the comments: is the NYT becoming a startup incubator cargo cult? Like, it must work for millennials starting companies where everybody works in one room, so maybe it will get them back where they should be? Or, I guess desperation also explains this.

No matter how many studies involving actual science show that workers, especially knowledge workers, are more productive with private offices, management insists on cubicle farms. And we all know how intelligent the NYT is in these matters...

Blogger SteelPalm December 16, 2016 9:34 PM  

I was under the impression that the Carlos Slim's political blog had been operating under a heavy loss for many, many years now, no?

@62 Kurt Eichenwald debunks the myth of any type of evil, genius Jewish conspiracy all by himself.

And his exchange with Tucker Carlson was one of the funniest things I've seen in months, comedy movies and series included.

Blogger StrongCoffee61 December 16, 2016 9:35 PM  

The New York Times Tower.
The ugliest new American skyscraper in decades. A commie block style building that looks like it was designed for the KGB.

Rather appropriate, I say.

Blogger Front toward enemy December 16, 2016 9:40 PM  

Oh, I thought they were downsizing to reduce their carbon foot-print, in the name of Gaia.

Blogger Tina December 16, 2016 10:12 PM  

@68 Eric Mueller, Thanks for the link! We'll watch it :-)

It would be neat if your musings came to pass, and Times people made good new connections, and actually talked honestly with each other as they did in the old newsroom bullpens.

Big companies, I think, do away with walls partly to reduce discrimination and harassment claims. People who don't have an office get resentful, esp if they have a good contact in HR. Smart attorneys and ministers have for decades made sure their office doors are open and a female secretary actually in the room or right outside that open door when they are meeting with a female client. In a big corporation, there are more people not smart enough to know when to keep the door open.

But as far as the NYT's claim that ""we will do away with big corner offices, like the ones you see on the 16th and 17th floors, including, yes, the publisher and CEO’s offices," I wouldn't count on that meaning the CEO is going to work in a cube. Instead, the publisher and CEO will probably have designated conference rooms on the wing in which they and their Admins sit. And their wing will be hard to get to, down a hall no one goes without reason, and if they actually use the cube with their name on it, their cube walls will be very tall. If they have short "democratic" cube walls, then you won't ever find them there.

The Great Room concept works better in conservative settings and in non-competitive places. Once a company reaches a size to need a second floor
the concept is useful only for the ease with which Facilities can move people around for maintenance or space-planning. No one feels ownership over a cube, so they don't squawk when moved, even on short notice. They do feel controlled, though, which works to the advantage of the authoritarian Leftist management. And the more controlled and watched they feel, the more cube spaces become counter productive as people end up staying in motion most of their workday, hunting an open conference room for a phone call, or meeting a colleague anywhere but the cubes.

Anonymous Clay December 16, 2016 10:31 PM  

Ok you smart people...how did the Chinese "steal" a US underwater drone?

Blogger Bosefus December 16, 2016 11:03 PM  

Carlos Slim stole the handle from his runaway blog... The Triumpaht Ascendant now got him by the balls open at page 1:

https://www.youtube.com/watch?v=_pnfzrABrzk

To steal a sub from Obama you just ask. Sort of like this...

https://www.youtube.com/watch?v=A9aDSRufG7g

They are just inscrutable.

Blogger Bosefus December 16, 2016 11:03 PM  

Carlos Slim stole the handle from his runaway blog... The Triumpaht Ascendant now got him by the balls open at page 1:

https://www.youtube.com/watch?v=_pnfzrABrzk

To steal a sub from Obama you just ask. Sort of like this...

https://www.youtube.com/watch?v=A9aDSRufG7g

They are just inscrutable.

Blogger bob kek mando: i can't be racist. why, some of my best friends are ((( Literally Hitler ))). { Vox Gayness intensifies } December 16, 2016 11:18 PM  

65. Cataline Sergius December 16, 2016 8:53 PM
Question: how many economists get rich playing the market?


my college prep Econ teacher in high school ( 1985 ) guaranteed the class that the Dow index would NEVER rise above 3,000 ( currently over 19,800 ). even as he said it, i was 99% sure it was bullshit ( which is why i remember it ). having subsequently examined how the Dow index is formulated three things become clear:
a - the Dow has significant inflationary pressures on the index number, simply due to the fact that failing companies are de-listed and are substituted for with new market cap leaders
b - there is no upper bound ( 100% ) on the Dow number whatsoever
c - given that the Dow is a sum of the aggregated stock prices ( with a correction factor for stock splits and such ), it's clear that the Dow is very highly susceptible to inflationary monetary policy

https://infogalactic.com/info/Dow_Jones_Industrial_Average#Calculation



69. SteelPalm December 16, 2016 9:34 PM
And his exchange with Tucker Carlson was one of the funniest things I've seen in months, comedy movies and series included.



his behavior was somewhat amusing until you ascertain why he was doing it:
to give an honest answer to the question is to admit that he, as a journalist, has knowingly committed liable and slander.

he has publicly admitted that:
a - he has ILLEGALLY obtained Trump's medical records ( for these are private and confidential )
b - that he cannot produce these medical records ( or any other records ) as documentation that Trump spent time in a mental institution

i mean, at least if he produced the purported records, we could then very or disqualify them.

and the existence of one stupid Kike doesn't evidence that intelligent Jews don't exist. actually, the very fact that such a stupid man can be a senior writer at a major national news magazine indicates that the Jewish conspiracy DOES exist.

for he would never have been hired by any goy who was concerned about the quality of his reporting.

Blogger bob kek mando: i can't be racist. why, some of my best friends are ((( Literally Hitler ))). { Vox Gayness intensifies } December 16, 2016 11:25 PM  

73. Clay December 16, 2016 10:31 PM
Ok you smart people...how did the Chinese "steal" a US underwater drone?



evidently, the Captain of the USNS ( not a warship ) Bowditch is too damn stupid to put his own boats in the water when he observes the Chinese creeping up on him.

"Bowditch had stopped in the water to pick up two underwater drones. At that point a Chinese naval ship that had been shadowing the Bowditch put a small boat into the water. That small boat came up alongside and the Chinese crew took one of the drones. "

Blogger Ken Prescott December 16, 2016 11:27 PM  

Clay wrote:Ok you smart people...how did the Chinese "steal" a US underwater drone?

They send a boat over to it while the USNS Bowditch (a Military Sealift Command ship--not a warship, a naval auxiliary manned by a civilian merchant crew) was maneuvering into position to recover it.

Given that the Bowditch is a contractor-manned vessel, they were probably taking too damn long to maneuver into position to recover the UUV.

If I were Trump, I'd just have the Treasury Department say "One unmanned submersible vehicle, that'll be $100 billion, we'll just deduct it from the debt we owe you. Have a nice day!"

Blogger Snidely Whiplash December 16, 2016 11:44 PM  

Question: how many economists get rich playing the market?
The rich economists I've known got rich playing the market players, not the market.

OpenID anonymos-coward December 17, 2016 12:55 AM  

No cubicles, even. Guys with graduate degrees making six figures working in conditions like garment manufacturing laborers. They say it is to help with collaboration, but it is really to help with the incredible real estate costs in the area-- costs that the tech firms have driven up by being unwilling to locate anywhere less sexy than the San Francisco Bay area.

The open floor space plan is a standard for software development everywhere, from Minsk to Bangalore to San Francisco. It's not due to real estate costs, it's due to the fact that 'managers' for software development don't exist, the only successful way to develop software is when developers self-organize to a significant degree.

Blogger Aeoli Pera December 17, 2016 1:03 AM  

All told, we will vacate at least eight floors, allowing us to generate significant rental income.

I almost feel sorry for the person who was told this and believed it. Then I remember the 50 million aborted babies.

Anonymous Barko Ramius December 17, 2016 1:23 AM  

My popcorn making machine is currently nursing a litter of popcorn machines so I have to restrain from laughter till we breed a butter maker runt.

Blogger Ryan F December 17, 2016 1:49 AM  

"Dynamic," is the bullshit tell.

Blogger Noah B The MacroAggressor December 17, 2016 2:00 AM  

"We expect a substantial financial benefit as well. All told, we will vacate at least eight floors, allowing us to generate significant rental income."

Just think how much revenue they will have once they vacate the entire building.

Anonymous Jordi December 17, 2016 2:03 AM  

I think they can have a profitable business if they ditch the useless journalists and focus exclusively on rental income. They can keep an employee to keep track of rents and accounting, and dump the "newspaper" part of the company

Alternatively, they could offshore the publication to Mexico, so that liberal assholes get a a first hand experience of those outsourcing they preach so vehemently for others.

Blogger Kona Commuter December 17, 2016 2:26 AM  

+1 to leasing out a floor for refugee or better yet BLM and/or Islamic group. Ensure they have to get off at the NYT floor and take a flight of stairs to get there though.

Blogger kh123 December 17, 2016 2:53 AM  

@4 "They could fill up those floors very quickly with Section 8 diversity."

I hear they tried something like that back in September '01.

Blogger kh123 December 17, 2016 2:58 AM  

@75 "That small boat came up alongside and the Chinese crew took one of the drones. "

"This isn't some guy who built the railroads." Probably one of the truest - and most misleading - quotes of all time.

Blogger SteelPalm December 17, 2016 3:50 AM  

@74

and the existence of one stupid Kike doesn't evidence that intelligent Jews don't exist. actually, the very fact that such a stupid man can be a senior writer at a major national news magazine indicates that the Jewish conspiracy DOES exist.

You're a fucking idiot. You would do well to remember that, and not try to think on your own. The results are laughable.

"Senior writers at major national magazines" are all a collection of morons and midwits, as Vox has himself noted at length. It's not a prestigious or even particularly well-paying position. Eichenwald is one of the sillier/crazier/more obnoxious leftist journalists, but his intelligence is no lower than the rest.

Nor is Newsweek any kind of Jewish operation, so the claims of "Jewish nepotism" are as stupid as the SJW cries of "white privilege".

Newsweek was founded by a white Englishman, Thomas Martyn, and is presently run by the Daily Beast, which was founded by Tina Brown/Lady Evans, a white Englishwoman. Their editor, John Avlon, is a white Greek. Newsweek recently had a CEO named Baba Shetty (Indian) and DailyBeast had one called Rhona Murphy. (White Irishwoman)

You're one of the most active commentators here, but don't ever believe that translates to any level of intelligence.

Blogger Bob Loblaw December 17, 2016 4:12 AM  

Eric Mueller wrote:Good riddance. Ha! Ha!

I've heard reports that CNNs building has degraded quite a bit. They don't do the cleaning and maintenance they used to. Guess they can't afford cleaners and maintenance people.

I'll be glad when they all collapse.


O&M is the first thing you cut when you start to run out of money. Then one day you wake up and realize "Hey, we can't see the outdated crap we own because it's under a layer of dust."

Blogger Gordon December 17, 2016 7:34 AM  

Vox is correct that there is often a lot of wealth underneath an institution like NYT, and the decline can take a long time. But they've pretended, and continue to pretend, that they're immune from the forces killing off daily newspapers. They aren't. Their reputation may have bought them a bit of time--measured in months--but that's all. Until--and even if-- they slay the fat pensions, salaries and expense accounts, they'll continue to sink. It's a matter of how much vanity Carlos Slim wants to purchase.

I have family in the business. They got squeezed out of a long time family-owned small town daily. It turned out to be a blessing. They shifted into smaller town weeklies, and specialty papers like livestock sales. They're not coining money, but they are doing okay.

The shakeout has been enormous. In 1998 Minneapolis' StarTribune sold for $1.4 billion. In 2009 it was bankrupt despite having sold off assets. The current owner got a nice bonus for selling off the buildings and parking lots to make room for US Bank Stadium.

Blogger Jack Morrow December 17, 2016 7:47 AM  

Maybe the NYT staff should follow the lead of Les Nessman on WKRP and put tape on the floor around their desks to mark where their office walls would be.

An earlier example of financial wisdom on the part of mainstream media was when CBS paid $11.2 million for 80% of the New York Yankees in 1964 and $3.2 million by September 1966 for the remaining 20%. They sold the team to George Steinbrenner in 1973 for $10 million--a loss of $4.4 million, not adjusted for inflation. I can't think of another owner in my lifetime that lost money on the sale of a major league baseball team.

Blogger Tina December 17, 2016 11:28 AM  

@89 Gordon wrote: "They got squeezed out of a long time family-owned small town daily. It turned out to be a blessing. They shifted into smaller town weeklies, and specialty papers like livestock sales. They're not coining money, but they are doing okay."

I'm glad to hear that. It jibes with what I see here in Central Texas. The weekly shoppers seem to have the same steady reliable business they have always had. Smart local dailies know people will buy/subscribe to see their own or neighbors' names/pics for fun good stuff. There are some ornery little specialty papers out there too - check out the Buffalo Gap News. That paper is printed and distributed at little stores for hundreds of miles around.

Blogger flyingtiger December 17, 2016 12:05 PM  

Vox
A while back, you said not to talk to hostile MSM. You can only go so far singing to the choir. At some point you have to go into the arena and fight the enemy.
The way MSM is going, in a few years there will be no MSM. Forget everything I have said, for there is no one to fight.

Anonymous Daniel H December 17, 2016 2:23 PM  

>>We’re planning significant investments in a redesign of our existing space in order to facilitate more cross-departmental collaboration.

The can invest in this, invest in that, invest till the cows come home, but there will be no payoff. They are stricken and doomed. Even if they were a virtuous organization, a credit to their community and nation they would still be doomed. At this point it's throwing good money after bad. Even Carlos Slim demands a return, sooner or later.

The impoverished, desperate and cunning Matt Drudge started a media empire from his one room apartment in LA twenty years ago. The Times needs some of that kind of thinking, but, alas, the are constitutionally unable to generate such.

Anonymous BBGKB December 17, 2016 7:07 PM  

Professional cleaning staff are essential - it isn't something that just anyone can do. A business that lets go of its professional cleaning people

Johns Hopkins discovered that hiring more cleaning people had a far greater impact on turn around times than hiring more nurses. Insert John Hopkins nurses joke here. Actually I shouldn't knock Johns Hopkins nurses, one of them caught a Jamaican Doctor making kitty porn with patients on the job after he had been doing it for years(Ok I would bet serious money it was a travel nurse).

I'm waiting for some Islamic terrorist to threaten the left coast with an earthquake and Tsunami.

While there is a good chance that a big one could take out everything west of I-5, there is not much hope for the left blue coast to fall off & give me beach front property.

Ok you smart people...how did the Chinese "steal" a US underwater drone?

The drone cost less than 1/4 of what the taxpayers paid for one spring break trip for the First Niglets.

Nor is Newsweek any kind of Jewish operation, so the claims of "Jewish nepotism" are as stupid as the SJW cries of "white privilege".

Is this the "its not nepotism if they make jews do the casting couch also" is it?

Blogger Tina December 17, 2016 8:27 PM  

@94 BBGKB Interesting tidbit about Johns Hopkins. It makes sense.

Blogger Serge_Tomiko December 18, 2016 2:16 PM  

Newsflash: Manhattan Real Estate has done exceedingly well over the past 10 years, and rental rates in the vicinity of this office building are up 50%. Oh, the money printing! oh the real estate crash! It doesn't matter how much reality contradicts the libertarian delusion. They will always cling to it.

This is a purely economic move. They make more money renting this office space and moving elsewhere than staying. It is the reason GM is no longer at the GM building. It is the reason Citicorp Center no longer has Citicorp as a major tenant. There are countless iconic examples in Manhattan.

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