A bit of history…
in Manhattan, a group of slightly older editors cleaned out their desks in a more conventional fashion at the offices of The New York Times Company. Most of them walked around in a state of shock: The Times’ board of directors had just voted to shut down the newspaper’s foundering Web division, after a loss of $30 million in less than a year
I guess that helps to explain the pay-wall madness to follow.
“We learned a thing or two,” said Time Warner Chairman Gerald Levin, only half-jokingly, at a recent raucous shareholder meeting. “Gangsta rap-yes. World Wide Web-no.”
That really doesn’t help explain the AOL-TW madness to follow.
The year? 1996