NYT CEO Doubts Print Edition Will Exist In 20 Years

The Hill reports:

Outgoing New York Times CEO Mark Thompson said he would be “surprised” in the newspaper still offered a print edition in 20 years, adding that he’s skeptical if advertising will ever return at pre-pandemic levels.

“I believe the Times will definitely be printed for another 10 years and quite possibly another 15 years — maybe even slightly more than that,” Thompson told CNBC’s “A View from the Top” on Monday. “I would be very surprised if it’s printed in 20 years’ time.”

Last week, the Times said that its digital revenue exceeded print revenue for the first time in the second quarter amid the pandemic. The Times’ executive editor, Dean Baquet, predicted last year that “most local newspapers are going to die in the next five years.”