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The NY Times has announced that its daily stock listings will be no more (Sundays will have the stock info for the week), and that their website will have a tricked out financial section. The paper will still print things like "performance listings of the top 100 stocks in the Standard & Poor's 500-stock index, market analysis, mutual fund information, charts tracking individual company performance and lists of foreign currency exchange rates," but that will only be on two pages. Now, there are many things that make Gothamist feel old (like the kids with their newfangled slang - what the heck is "true story" or realizing that we can't party like it's 1999 anymore), but this sends us back to middle school when we got classroom subscriptions to the NY Times and learned how to properly read the newspaper and its sections; of course, now kids are probably learning how to "properly" find news on a website. Sigh...and did we mention it was four miles uphill to get to school, and then it took 6 miles through a snake-filled ravine to get back?
The NY Times has classroom resources for teachers. And we guess that special ad unit over the stock listings couldn't do enough to offset the printing costs.
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This will cause a rebellion, I believe. Have you ever been on MetroNorth and seen how many of the commuters are checking their stocks each morning?
(Still, this is better than the paper cutting more people, I guess.)
No more stock pages - that sucks.
Also, does anyone know if the CBS insider trading story is true.
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I wrote a column back in 1997 that predicted the end of stock tables by 2000. Oops. I was off by a few years. At the time, some people were of the opinion that the reason stock tables would linger was to maintain a location for related advertising. Guess that logic no longer holds.
This is one of those small events that will push a few more Luddites online in the morning.
It's about time. WSJ should do the same in my opinion. I can only imagine how many trees go into printing the dated/useless quotes these days. Anyone owning stocks these days who can't find some electronic way to access quotes (worst case: library) should feel ashamed for the environmental damage alone.
The Times has been declining in quality over the past couple of years. Reading The Metro Section seems to give me a feeling of deja-vu because I can swear I read the same story the previous day in Daily News.
That said, the "delisting" of the stock tables shouldn't be a shock, as there have been all sorts of technical innovations that make them a curious anachronism. However, I think that this move will piss a lot of people off.
Now, if they'd only get rid of that other useless section, Thursday Styles.
But Style, Travel, Dining sections, etc. are what make the Times so ironic. In the first two sections they tell you how horrible the world is. Then they tell you how to soothe your mind with expensive food, trips, and spa treatments. Oh, I left out real estate.
People wouldn't buy $300 per person dinners without massive income inequality.
Err, don't the NYT folks remember that the vast majority of the audience for stock listings are older and non-internet savvy?
Either they really dropped the ball on this one or the NYT's financial woes are making them cut down on pages.. Either way.. pssh.
here is one of those ads in the stock listings.
How about old features from the paper that we'd like to see come back...I was looking at a copy of a paper from around 1900 at the library, and they printed a list of passenger ships scheduled to arrive in NYC each day. It made me nostalgic for something I never experienced.
If it is old newspapers you desire, the Brooklyn Public Library has The Brooklyn Daily Eagle from October 26, 1841 to December 31, 1902 online. So their coverage of "The Mistake of '98" I mean unification is there too.
Stock listings. How primitive. In this fast moving market, yesterday's closing prices just don't cut it. When it's so easy to get nearly realtime listings with a wealth of historical pricing and current news, nobody should have to wade through pages of small type just for outdated prices. "Non-Internet savvy?" Just how hard is it to go to Yahoo?