"How did the New York Times manage to spend $40 million on its pay wall?"
April 04, 2011
Philip Greenspun asks. He's genuinely puzzled.
The funniest answer is from "Alex in Texas":
Perhaps their most popular blogger, Paul Krugman, convinced them that the Keynesian Multiplier effect of spending lots of money building infrastructure without regard to cost-effectiveness would lead to greater profits for them in the future.