The board meeting had adjourned, and the publisher of the New York Times had a statement to make. "We are proud," said Arthur Ochs Sulzberger, "of the devoted new audience that came to us, and have tried earnestly to find a feasible way to go on serving them. Unhappily, the economics of the situation gave us no choice." So saying, Publisher Sulzberger last week suspended, after 16 months of publication, the Los Angeles-based Western Edition of the Times.
The economics of the situation certainly played a major role in defeating the Times's ambition to...
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