Read the following case study. Then answer the question that follows using your knowledge of organizational design.

MANAGEMENT AT WORK

Ironically, as newspapers join the many other media companies that publish journalism online, there is that much more reason for people to cancel their subscriptions to the hard$-$copy edition and read the paper online instead. The newspaper companies are thus fueling the very trend that is leading to their demise.

Over the last year, the publisher of the Central Times has invested heavily in its online presence. Its subscriptions manager recently surveyed people who had let their subscriptions lapse in the previous $6$ months. Of those who responded, $86\%$ said they no longer subscribe because they read the paper online. In response to the survey results, the publisher calls the editor in chief into her office and says, "Jax, I want you to pull together a team that will prepare the paper to go entirely online within $2$ years. Put them in the wing of the building we don't use anymore since we had to let a third of our reporting staff go$."$

The Central Times is in what stage of its life cycle?

Mutual adaptation

Start$-$up

Growth

Decline