The New York Times Co. is Mad at Bloggers
April 18, 2007 01:59 PM
...for eating away at their profits. From The NYT Co.'s annual report:
The proliferation of nontraditional media, largely available at no cost, challenges the traditional media model, in which quality journalism has primarily been supported by print advertising revenues. If consumers fail to differentiate our content from other content providers, on the Internet or otherwise, we may experience a decline in revenues.
Awwwww. How sad for them. People are turning away from their product because they like "other content providers" better. And by "other content providers," they mean blogs.