Why Does the New York Times Prosper While Gannett Struggles?

From a story on poynter.org by Rick Edmonds headlined “Why does the New York Times prosper while Gannett struggles? Here are four reasons”:

The juxtaposition was striking.

Wednesday, The New York Times Co. reported typical net growth in its various digital subscription offerings of 180,000 and an operating profit for the second quarter of $76 million.

Thursday morning, Gannett, whose holdings include USA Today and more than 200 regional outlets, reported digital gains of its own – 120,000 more paid digital-only subscribers than the previous quarter. But it posted an operating loss of $54 million. Wall Street responded by taking the value of Gannett’s already battered stock down by roughly a quarter.