Ben Gilbert: uncertainty

Transcript context

…They don't get to be in the fancy headquarters? Correct. The newsroom is so separate from thinking with a business mindset that they refer to anyone who is not a journalist at The Times as the business side. Think about digital product people, product designers who are building the mobile website business side, programmer's business side. If you're not a journalist, you're on the business side. Here, you are suddenly thrust into this new era where you're in the worst financial shape you've ever been in as a company, you own all these things, the technology landscape is changing out from underneath you, and you have basically built an internal, I don't know the right phrase is but you got a massive chasm between what you perceive as the core competency of a business producing print journalism and everything else over on the business side, and not thinking about any distribution. I'm sure they are thinking about it but not in a serious way as the crisis of the business other than how do we sell more papers? Yeah. You've now just missed not one but two technology waves with cable and the Internet arguably. In 2009 is when the shoe drops. In January 2009, they announced a $250 million debt deal with Carlos Slim, the Mexican billionaire, one of the wealthiest people in the world.…

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