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NY Times = a more upscale Vogue

posted by Jason Kottke   Jul 28, 2008

Paul Krugman on the how the NY Times makes its money.

The New York Times is known for its hard news coverage, but he observes that from a business perspective it’s primarily a fashion and food publication that runs a small political news operation on the side. One issue of T Magazine, he says, pays for an entire NYT European bureau.