I think part of the New York Times' problem is that they're trying to keep both parts of the business alive, but the two ad channels compete with each other. At some point I would hope that the family controlled board decides to go all in on being a digital-only press. Everyone works remote, with small regional offices as necessary. They retain their artists, photographers, editors, writers, and other content producing staff. They retain their existing technology team that works with the editorial team on the cool features as was posted.

The print business and assets are spun out as a separate company providing white label newsprinting services (perhaps as The New York Times Print Services Company), and eventually sold.

I think they can continue to run the dual mode business for 5-10 more years, but eventually the numbers on print won't make sense anymore.