top | item 17248206

(no title)

DanBlake | 7 years ago

My first instinct reading this was to think about the gothamist/dnainfo kerfuffle.

However, Checking the new yorkers revenue shows around 200 million/yr, I definitely did not expect that and likely means it can easily support a union. (unless the new yorker is loaded with debt, which it might be)

discuss

order

philipodonnell|7 years ago

Not taking a position either way, but revenue is not the important number here: its excess margin, which in publishing is extremely low.

heyyyouu|7 years ago

And the New Yorker has a history of being notorious for expenses -- at its height it had writers paid on contract for a full year that write one story (an excellent story, but still), expense accounts through the roof, and an editorial staff that none could rival. Those specific days are gone but its cost structure is still above what many other publications have, so I suspect the margins are still well below average. I love the New Yorker (it went off track for a while, but it's gotten much better in the past 10 years) and what they do takes serious investment and talent, but there's also ways to do it smartly. Although it looks like all of this is preemptive so we'll have to see where it goes.