New York Times digital can pay for its own news gathering

Arthur Sulzberger via Donna Bogatin at ZDNet: “The New York Times [...] supports a $200 million annual “news gathering” budget, [and] as digital has brought in $200 million in annual revenue, interactive can support our news gathering function.”

Of course, news gathering isn’t the only cost of online journalism, but surely the costs are much lower than the print counterpart. And with online advertising continuing to grow, this will only get better.