The economics of the online news business will not support the infrastructure or newsroom that the printed paper supports.

Unless the New York Times Company can come up with a miracle new digital revenue stream, therefore, it will eventually have to be restructured and downsized (or sold to a deep-pocketed Sydney Harmon-type who runs it at a loss out of love).

Importantly, even a successful online paywall will not allow the paper to maintain its current cost structure.