06.51 pm, Sunday November 08 2009

New York Times opens front page to ads

09:52 AEST Tue Jan 6 2009
VIEWS: 0
| FLOCKS: 0
| comments0 comments so far
New York Times front page advertising banner
The struggling New York Times has for the first time opened its front page to advertising.

The cash-strapped New York Times has for the first time opened its editorial holy of holies, the front page, to advertising.

The colour banner ad on Monday across the bottom of the page was for CBS television and carried the slogan "Front Page News."

Its appearance broke a taboo in arguably the world's most famous newspaper, traditionally dubbed "the Grey Lady" for what many see as a staid but serious approach to news reporting.

"This high impact placement represents an exciting new opportunity for our advertisers to reach our educated, affluent and influential readers across the country," said Denise Warren, senior vice president and chief advertising officer for The New York Times Media Group.

Warren did not reveal how much the ad space was being sold for.

Like newspapers across the United States, the Times faces a potentially catastrophic shift of readers and advertisers to online sites.

The daily, which boasts 2.8 million weekday circulation and 4.2 million at weekends, is scrambling to raise cash before a $US400 million ($A561.64 million) facility expires in May.

The New York Times Co has announced plans to raise up to $US225 million ($A315.92 million) by borrowing against its Manhattan skyscraper headquarters and is also reported to be looking to sell its stake in the Boston Red Sox baseball club.

The rival Tribune company, owner of the Los Angeles Times, Chicago Tribune and Baltimore Sun, filed for bankruptcy in December.

 
SHARE:
MESSENGER
FACEBOOK
MORE
Blog on Spaces
Add to delicious
Add to Digg
Share on MySpace
?
Share, bookmark, and save your favourite ninemsn articles and features.  Learn more.

Most popular

 LA celebrity burglaries led by teenagerA young woman broke into the homes of Hollywood celebrities because she wanted to own their designer clothes and jewellery, an informant has told police.
 Aussie star Gemma Ward quits modellingAustralia's top model export, Gemma Ward has quit the profession following attacks on her new shape.
 Money concerns can lead to tummy woesThe economic slowdown can be bad for your health, a food expert has warned, pointing to a rising number of Australians who bargain shop for what they eat.
 Hilton threatens to sue over billboardParis Hilton is threatening legal action against a New Zealand company that used her picture on a billboard with the word "vacant" written across it.
 'Fatigued' veteran newsreader steps downNetwork Seven news is set for a shake-up after the veteran news anchor Ian Ross announced his retirement.
 Turnbull staffer quits over Hitler parody emailOne of Opposition Leader Malcolm Turnbull's staffers has resigned after it was revealed he was linked to a YouTube video spoof comparing a Liberal backbencher to Hitler.
 Fans storm out of Britney concertAngry fans have marched out of Britney Spears' debut Australian concert in protest of the star's "really bad" performance.
 Shooting suspect off ventilator: ArmyA US Army spokesman says the Texas shooting spree suspect has been taken off a ventilator but still remains in intensive care at a military hospital.
 Teen muggers punch toddler in headPolice in London are searching for two teenage girls who punched a two-year-old in the head during a mugging, according to the Sun.
 Radio DJ, Vic Davies dies of lung cancerSydney radio personality Vic Davies, who co-hosted the long-running Club Veg show, has died after a short battle with lung cancer.
After the delugeParts of NSW declared natural disaster areas following huge storm. Mark Donaldson, the first Aussie to be awarded the VC in 40 years, will meet the Queen next week. (AAP)Hero's honourAustralia's first VC recipient in 40 years to meet the Queen. Morgan Freeman (AAP)Crash compoFreeman settles lawsuit over infamous late-night smash. Burning questionThe subject of bushfire hazard reduction has sparked a political fire. Deck dangerHow to prevent a balcony collapse at your home. Katy Perry in one of her cheeky outfits. (AAP)Cheeky ceremony PHOTOS: All the glamour from the MTV European Awards.
advertisement
'Where's my money?' Michael Jackson's dad wants an allowance for living expenses
... read more
Anchor fatigued Veteran newsreader Ian Ross will step down after 50 years in the media ... read more Rudd comes up short: Howard Former PM John Howard has attacked the Government that replaced his ... read more Why women have sex A US research team has released a list of 237 reasons that women have sex ... read more Britney bombs Outraged fans storm out of Britney's 'really bad' first show in Australia ... read more Mother stopped rampage Cop praised for gunning down US military base shooter during killing spree ... read more Become a Nine News breaker Seen or heard something? Send tip-offs, images and video from your mobile or PC ... contact us
Star burglar a teenSuspected thieves who stole from Lohan, Hilton were led by a 19-year-old
You need the latest version of Flash Player.
Enjoy the most vivid content on the web
Watch video without extra features
Interact with applications on your favourite sites
Upgrade now

page complete
Other ninemsn businesses: iSelect RateCity
© 1997-2009 ninemsn Pty Ltd - All rights reserved