Participants included Stothard, Michael Dirda, Sam Tanenhaus, Jessa Crispin, and Steve Wasserman, who wrote this extensive summary in the Columbia Journalism Review in 2007 (which has now become a subscription-only publication. Good luck to 'em.)
It's a potent piece of blogging, book-ended by Stothard evocatively reading Fitzgerald's first novel in the hotel where some of its parties were set. Two useful paragraphs suggest a direction for the future, not a surprising one to hear from Stothard's quarters:
Sam Tanenhaus's vigorous defence of the serious and popular in his coverage - with all the hackles it raises from those who distrust popularity at all - took me back vividly to my days of editing The Times in London. The 'serious and popular' is seriously hard. The TLS, by a contrast that could only be explained here at the acute risk of smugness, can succeed - and does - by offering a mix of exclusively the serious and sometimes difficult to loyal subscibers who prize us precisely and only for doing just that.
Loyal readers paying serious money for literary criticism in a paper which has never been as dependent on advertising as the general press is a winning formula in these days. The World Wide Web, which causes such trouble to newspaper economies, is for us a powerful tool to attract new subscribers in places around the world which we could never reach by mail.