I've not been able to source this, so take it with a pinch of salt, but this is what I read somewhere:
"Paul Krugman was observing that even though the political coverage is the part of the media that people like to talk about, it's actually fairly marginal to the business. The New York Times is known for its hard news coverage, but he observes that from a business perspective it's primarily a fashion and food publication that runs a small political news operation on the side. One issue of T Magazine, he says, pays for an entire NYT European bureau."
Certainly the IHT can sometimes feel that way during fashion weeks.
A PLACE IN THE AUVERGNE
International Herald Tribune
New York Times
Vacation /Business Trip Furnished Apartment in Paris