Future Of Newspapers
The future of newspapers has been widely debated as the industry has faced down soaring newsprint prices, slumping ad sales, the loss of much classified advertising and precipitous drops in circulation. In recent years the number of newspapers slated for closure, bankruptcy or severe cutbacks has risen—especially in the United States, where the industry has shed a fifth of its journalists since 2001. Revenue has plunged while competition from internet media has squeezed older print publishers.
The debate has become more urgent lately, as a deepening recession has cut profits, and as once-explosive growth in newspaper web revenues has leveled off, forestalling what the industry hoped would become an important source of revenue. One issue is whether the newspaper industry is being hit by a cyclical trough and will recover, or whether new technology has rendered newspapers obsolete in their traditional format. To survive, newspapers are considering combining and other options, although the outcome of such partnerships has been criticised.
Read more about Future Of Newspapers: The Newspaper Market in History, Technological Change Comes To Newspapers, Financial Strategies For An Industry, An Industry in Crisis, Newspaper Markets Across The World, Outlook For The Future, Journalism Schools in The U.S., See Also
Famous quotes containing the words future of, future and/or newspapers:
“Such is the miraculous nature of the future of exiles: what is first uttered in the impotence of an overheated apartment becomes the fate of nations.”
—Salman Rushdie (b. 1948)
“The American West is just arriving at the threshold of its greatness and growth. Where the West of yesterday is glamorized in our fiction, the future of the American West now is both fabulous and factual.”
—Lyndon Baines Johnson (1908–1973)
“The newspapers are the ruling power. Any other government is reduced to a few marines at Fort Independence. If a man neglects to read the Daily Times, government will go down on its knees to him, for this is the only treason these days.”
—Henry David Thoreau (1817–1862)