The New York Times Is Becoming a Digital Media Powerhouse
The internet changed a lot about business. That's obvious. But it affected some industries much more than others. Many high-profile book stores, video rental outlets and newspapers ended up in bankruptcy. But a few have adapted and are thriving today.
A great example is New York Times (NYSE: NYT). Its shares fell 85% in the decade that followed Y2K. Today, it is a profitable company with solid growth. But its prospects are brighter than many might realize. One comment from the CEO highlights just how much further the company plans to go in its transformation.
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Source Fool.com
