alt Hacker NewsThe NYT almost went out of business before they were rescued by billionaire Carlos Slim. The NYT is probably doing okay because the local papers everywhere else are a pale shadow of what they once were, so people sign up for NYT looking for what they used to have.
But they did switch to a pretty good online presence, the NYT did games, others could try to go after classifieds or other online pastimes without neutering the news room like Bezos has done. Sure it takes investment, Bezos seems to have had no problems doing that with Amazon.