Tuesday, February 13, 2007

New York Times here to stay: Sulzberger

After saying last week he didn't care whether the New York Times remains in print form, head honcho Arthur Sulzberger plans to clarify his stance in a speech to staff Wednesday, the New York Observer's Media Mob blog is reporting.

The Times supplied the Observer with a portion of his text in advance:

"We are continuing to invest in our newspapers, for we believe that they will be around for a very long time. This point of view is not about nostalgia or a love of newsprint. Instead, it is rooted in fundamental business realities: Our powerful and trusted print brands continue to draw educated and affluent audiences."

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