The New York Times finally caved in and sold 2.5 inches of front page ad space to CBS (published in the Jan 05, 2008 edition). For years, the front page has been considered a kind of last bastion against corporate intrusion and the icy grip of advertising.
I don’t see NYT’s move as a signal that the newspaper industry is taking radical means to survive the changing times. By now I’m sure it’s well known that their reader levels have dropped a great deal in large part due to blogs like IgnorantMouth.com which do not produce news but which re-hash original news with non-objective, completely un-journalistic spin.
At $75,000 per day for 2.5 inches of ad space, New York Times has made a smart move that will help it continue to produce great journalism all without glaring commercial encroachment.
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