That's the scenario Times Picayune editor Dennis Persica pondered:

Agents search the files inside The New York Times building. Perhaps some of those files are carted out; maybe even computer drives are taken. Such a scenario would make the Pentagon Papers dispute look like a minor disagreement among gentlemen. In that case, the government tried to stop the Times and other newspapers from printing a particular story. A raid, on the other hand, would shut down the entire paper. If it wanted to get really tough, the government could treat the Times as an enemy collaborator, seal off its headquarters and move toward seizing its assets.