It really isn't. It's why wall street is selling on the news.
> This is a great accomplishment for NYT but I’m worried about what it means for the rest of the industry.
It really isn't. It's why their share price dropped nearly 7% on the news. Their subscriber growth declined. That's not a good thing.
> NYT switching its business model has to be one of the most public and well-executed digital transformations of an old company ever.
NYT "switch" isn't even the most public or well-executed in their own industry. I'd give that nod to news corp and their properties - not that they are doing much better. NYT is playing catch-up.
> In the age of leaders publicly gaslighting, unrefereed global forums of social media which can be bought, and massive concentration of wealth at the top, fewer and consolidated reporting entities will be bad for the republic.
That's true. But the NYT is just as bought as any forum and gaslights as much as any politician. After all the NYT was created by a politician and a banker. It's in their DNA.
I do agree that fewer media entities will be detrimental to the republic. Unfortunately, the NYT along with CNN/WaPo is at the forefront of taking out smaller independent media entities.