This summer, The New York Times is ushering in a transformation more radical than it has seen in almost half a century, perhaps since the great Abe Rosenthal overhaul of the 1970s, which created the wide-ranging, multi-section Times we know today. Back then, the Times was grappling with economic headwinds and the rise of TV. Now the Times—like all newspapers—is grappling with economic headwinds and the rise of the smartphone, and its future is on the line once again.