"Clearly News Corp as a company loses money on its journalism and it makes money from entertainment.
On Tuesday night, the Sunday Times stood by its journalism which it called "responsible and accurate".
Everybody knows that the New Yorker is just as famous for its legendary and often legendarily inscrutable cartoons as it is for its journalism.
But even it is struggling to generate the profitability online it needs to support its journalism.
While the program won many awards for its journalism under Couric's tenure, it lagged well behind the NBC and ABC programs in ratings.
While it has gotten critical acclaim for its journalism and recently won a Peabody Award, that has not translated into big ratings.
Its journalism won Pulitzers, but more important, it reunited families, gave people critical guidance and brought order out of incredible chaos.
The New Republic, he said, needs the infrastructure to leverage its journalism in order "to get the audience it deserves".
Although it will initially involve only 15% of the output of the Daily Telegraph and Sunday Telegraph, it is an acknowledgement that readers should pay for its journalism and, more importantly, that its journalism is worth paying for.
The Telegraph quotes a BBC source as saying: "It's the structure of the BBC that allows its journalism to flourish".
The unanswered question for The New Republic remains: can it find a sustainable business model that will power its journalism in the decades to come?
