It’s never a pleasant situation when you find yourself on the receiving end of the disruption stick.
Such is the case with the New York Times when in 2003, it became painfully apparent that its print business was in rapid decline. Even though individual subscribers were paying upwards of $700 per year, Facebook, Google and other social media properties were taking away massive amounts of ad revenue. While the New York Times beefed up its web presence, it did little to stem the tide of....