"American society must now take some collective responsibility for supporting news reporting... through varying combinations of philanthropy, subsidy and government policy... What is paramount is preserving independent, original, credible reporting, whether or not it is profitable..."
Leonard Downie Jr., VP at large and former executive editor of the Washington Post and professor of journalism at Arizona State University, and Michael Schudson, professor of communication at Columbia University's School of Journalism. 
Hoven's Index for October 22, 2009
Amount of pay cut for most employees of the NYT announced in March 2009: 5%.
In 2008: $5.58 million.
Editor's note: A podcast of Randall Hoven discussing the economy with Silvio Canto, Jr. is available here.
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