Twice in the last three years, the New York Times newsroom has suffered the equivalent of a nervous breakdown, and critics say that Arthur Ochs Sulzberger, Jr., has managed the latest crisis as poorly as he did the episode involving the fabrications of the reporter Jayson Blair, which led, in 2003, to the firing of Howell Raines, the executive editor from Alabama. These newsroom crises have come when the Times can least afford them - during a period of technological and economic uncertainty that has affected the entire industry. The Times' stock price fell 33.2 percent between December 31, 2004, and October 31, 2005 - 60 percent more than the industry average.

Can Arthur Sulzberger, Jr., save the Times - and himself?