‘Extra, Extra, read all about it…on your mobile device. (Future readers, this is before the implants).
Carlos Slim is betting the brand and reputation of the NY Times will pull it through, however, enough to remain a creditor.
Some papers reach a level of prestige and influence enough to earn name recognition amongst the general public. As a result, they can muster access to those in and out of power and offer a platform for influence for those interested in influencing. These papers can shape and react to public opinion, and used to be able to fund news-gathering and investigative journalism (solely in the public interest, of course..).
Broadcasting information to the broadest audience possible and maintaining such authority ain’t happening much in print these days.
More videos? Celebrity gossip?
As for ideological and political commitments, that’s a different matter.
Related On This Site: Here in Seattle, Bill Virgin says newspapers built up their value, and slowly let it die: From The Seattle Post-Intelligencer Via Sound Politics: Why Did The PI Die? From Slate: Jack Shafer On The Pulitzer Prize-Who Cares? Who Reads The Newspapers?