What if there is literally no profitable model for digital news? Or none that actually scales and endures without, say, the established readership base and brand of the NYT. This seems...increasingly likely to me?
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Don't fool yourself. Not *every* publication is worth paying for. In fact, these days, few are.
Some part of many publications is worth paying for by some readers even though much of many is simply duplication. So, bundle publications to allow specialization within bundle and eliminate of duplication. Use Cable TV model.