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On Monday, The Times ran the first display advertising to appear on page one. It was a two-and-a-half-inch high ad bought by CBS, lying horizontally at the bottom of the front page -- "below the fold" of newspaper jargon. That day there was no tsunami recorded; the sun rose in the east and set in the west, right on schedule. But something changed: the ad that ran on perhaps the most prized real estate in American news signaled the Times’ concession to the same winds that are blowing hard against everyone else.
Some will say it’s no big deal: The Times’ online surrogate, nytimes.com, has been running ads on its homepage for years now. Newspapers in Europe have been running splashy display ads on page one for decades. The Wall Street Journal and USA Today have had ads out front for some time. And readers of the Times’ dead-tree editions know that almost invisible two-line ads have been a part of the newspaper for at least as long (see the edition in November 1920, when Warren Harding was elected president; a glance down the page shows that tickets were available for “Mecca,” playing at the Century Theater that evening).
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Display ads change the game. They generate much-needed cash for a company in dire need of it; the Silicon Alley Insider reported that page-one graphic ads sell for $75,000 apiece, $100,000 on Sundays. (The New York Times Company, parent of the newspaper, is also reportedly putting its share of the Boston Red Sox on the block.)
In some ways the front page of The New York Times was the last redoubt, the final holdout for marking a line in the sand between the salesman and the news. But we might have seen it coming. The Times’ tastefully-designed surrender to market forces and the economy makes a brutal sense — it’s a visible connection between the news you come to read and the advertising that makes publication of that news economically possible.
For news junkies and purists (and for those of us lucky enough to have actually worked at the Gray Lady), it’s a bit of a bringdown, but an apparently necessary one. These days, now more than ever, “All the News That’s Fit to Print” requires all the ads they can fit in the print edition.
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