Rejoicing over his own business model, the New York Times manager of new media and strategic initiatives, Gerald Marzorati, inadvertently provided substantive evidence of the real acumen of a major segment of the liberal newspaper of record’s readership.
The New York Times cultivates an image as the preferred read of the intellectual elite, but at least one of the paperâ€™s higher-ups seems to think its customers arenâ€™t all that bright.
During a panel discussion at the Digital Hollywood New York conference, Gerald Marzorati, the Timesâ€™s assistant managing editor for new media and strategic initiatives, explained why the paperâ€™s print business is still robust. â€œWe have north of 800,000 subscribers paying north of $700 a year for home delivery,â€ Marzorati said. â€œOf course, they donâ€™t seem to know that.â€
As evidence that Times subscribers donâ€™t realize how much a subscription costs, he pointed to what happened when the paper raised its home-delivery price by 5 percent during the recession: Only 0.01 percent of subscribers canceled. â€œI think a lot of it has to do with the fact that theyâ€™re literally not understanding what theyâ€™re paying,â€ he said. â€œThatâ€™s the beauty of the credit card.â€
Maybe we need warning labels on the New York Times.