Taking Stock: 'NY Times' Latest to Cut Back on Financial Listings in Print

Posted
By: The New York Times plans to replace the six pages of stock tables it prints Tuesdays through Saturdays with daily spreads of graphics and charts containing financial information.

The newspaper's weekday print editions will not provide listings of every stock, but its Web site will allow readers to check every listed stock and get more in-depth information about a particular stock than the newspaper currently provides.

The new format will debut April 4, the Times said Monday.

Readers also will be able to sign up for e-mail updates containing the closing prices of stocks and mutual funds or midday alerts about market changes that affect them.

The Times will continue to print the traditional charts of stocks, bonds and mutual funds on Sundays. It said there will be no additional charge for the online information.

"This recognizes the fact that the vast majority of readers now go online to get financial information because we can serve them better that way," New York Times business editor Lawrence Ingrassia said.

The new format will consist of a centerpiece graphic and include "at-a-glance" looks at the top 100 stocks, "thumbnail sketches" of newsmaking companies and a new foreign exchange box listing currencies around the world by region, the Times said in a news release.

The spread likely would focus on a particular sector based on the news of the day, Ingrassia said.

New York Times spokeswoman Diane McNulty said the change would save money in newsprint costs but declined to provide a dollar figure.

Newspapers of all sizes have been studying whether the cost savings from reduced printed stock listings outweighs the risk of disappointing longtime readers devoted to the traditional tables. A small but growing number has compromised by scaling back the full listings.

Comments

No comments on this item Please log in to comment by clicking here