This article from the Los Angeles Times reports on the continued decline in profitability of the print media, and in particular The New York Times.
New York Times' profit fell 26% to $23.9 million, or 17 cents a share, from a year earlier. Revenue fell 2% to $786 million.
I'd like to think that at least some of The Times's financial problems are due to its abject failure over the past several years to reliably report the truth to the people who pay to have it delivered. This is the paper that tolerated Jason Blair, fed us the cooked intelligence on Iraq care of Judy Miller and that continued to imply guilt for the three Duke lacrosse players long after it was clear to anyone closely following the story that the accusations were a vicious hoax by a deranged prostitute.
It is bad enough to be continually propagandized by the mainstream media without having to pay for it as well. If you currently paying for a Times subscription (as I used to), trust me, there are better sources to keep yourself well-informed.