The instant speculation about why he was dumped tells you a good deal about the way journalists think about their business. Some, noting rightly that coverage of News International and phone-hacking had been good after an initial stumble, thought that this robust editing had annoyed News Corporation’s boss Rupert Murdoch. If this was any problem at all, it would have rated as an irritant. Likewise I can’t think that Harding’s failure to buy the CD containing details of MPs’ expenses, when offered it before the Daily Telegraph, would have done for him.
Journalists find it hard to confront the unpalatable truth that the present and the future cannot resemble the past. The reasons are economics and nothing to do with politics or proprietorial power. In a phase of rapid change driven by technology and money, a large part of an editor’s job now is to help to find a business model. The Times hasn’t got one.
In this, The Times is not alone: the Guardian searches for the same thing. When the Sunday Times made profits which covered the losses of The Times, the weak market position of the latter title didn’t matter much to a company making plenty of money from three of its (then) four papers. Around ten years ago, The Sunday Times stopped covering the losses of The Times. These financial agonies lie at the root of all that is happening.