The Atlantic’s Michael Hirschorn declared in January that the New York Times (NYSE: NYT) is in such dire straits that its printing presses could come to a halt as early as May. Well, it’s now well into June, the NYT’s top brass points out in a memo to staff today, and the paper is still rolling off the presses. The NYTCo is fed up with all the rumor mongering about the company’s future, and isn’t going to take it anymore. The memo from President and CEO Janet Robinson and Publisher/Chairman Arthur Sulzberger to staff (via Nieman Lab), is after the jump. Robinson and Sulzberger say it is the first of what will be frequent memos to staff. Future missives in the series will cover the NYTCo’s financial dealings, advertising, circulation, costs and the digital challenges.
On the Record . . . From Arthur + Janet
June 25, 2009
To Our Colleagues,
The month of May came and went and, contrary to the prediction of one writer, we did not stop printing The New York Times. But given all the speculation and incorrect information that has been reported about our Company, we think it is important to create a regular letter written so that you get the facts directly from us