The newspaper printing presses have roughly ten more years of life, New York Times CEO Mark Thompson told CNBC on Monday. "I believe at least 10 years is what we can see in the U.S. for our print products," Thompson said about the non-digital wing of the news organization.
"The key thing for us is that we're pivoting," Thompson said. "Our plan is to go on serving our loyal print subscribers as long as we can. But meanwhile to build up the digital business, so that we have a successful growing company and a successful news operation long after print is gone."
"Without question, we make more money on a print subscriber," he also said. "But the point about digital is that we believe we can grow many, many more of them. We've already got more digital than print subscribers. Digital is growing very rapidly. Ultimately, there will be many times the number of digital subscribers compared to print."