The New York Times strategy memo 

Skeptics still openly wonder if we can continue to deliver on this journalistic mission, given the seeming mismatch between the economics of news media and the scale of our operations. They suggest the days when a media company can fund a big, ambitious newsroom are over. They doubt we can continue to cut legacy costs and fund digital innovation at the same time.These are serious and fair questions. The most pressing challenge is not to prove that our journalism matters — it’s to demonstrate that our business can continue to support this mission.

Source: The New York Times strategy memo – Oct. 7, 2015