Can Twitter Outlive The New York Times?

24/7 Wall St.

GoDaddy Twitter PicTechnology executive Peter Thiel told the Milken Institute Global Conference that Twitter likely will outlive The New York Times. His theory is based on the wide use of Twitter and the fact that New York Times Co. (NYSE: NYT) continues to struggle with its legacy business — print. The Times cannot afford to print a million copies of its flagship paper every day. And those costs eventually will swamp any progress made by the medium’s digital operations. Thiel may well be wrong if the Times accelerates it efforts to distribute the paper online.

Some of the information from the New York Times first-quarter report was depressing for investors. And new CEO Mark Thompson’s comments about the firm’s future plans were vague, and they draw into question whether the Times board made a good selection when it hired him. Among his plans for growth at the New York Times:

New…

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