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Frankly, you are also forgetting about the actual paper and cost of distributing it! I can believe your kind of calculations only in the context of a plausible accounting for all NYT expenses. With out factoring management, lawyers, plane tickets, real estate, etc., you will be way off.

BTW 30 is absurdly low. The NYT has more than 30 offices!

http://en.wikipedia.org/wiki/List_of_The_New_York_Times_empl...



According to Wikipedia the Times only has 350 writers total. It's clear that the majority of these are not doing investigative journalism, they are following the candidates around and rewriting press releases and such. I don't see how the number of actual investigative journalists could possibly be more than 100.


http://finance.yahoo.com/q/pr?s=NYT

Full Time Employees: 10,231

The question isn't "writers" but all of the employees involved in actual news creation. I have no idea what it might actually be, but a 1:10 ratio between "operatives" and "support staff" is my guess.




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