Three articles, three different perspectives worth reading on the current state of the newspaper business…
GOOD – From Media Life magazine | The latest forecast for America’s newspapers would suggest that extinction is not too far off. UBS figures newspaper revenues will be down 12.2 percent when the final figures are in for 2008 and tumble another 17.6 percent this year.
Yet media planners and buyers don’t see print newspapers disappearing, certainly not anytime soon, and they’re fairly upbeat about the changes papers could introduce to stem at least some of the declines.
NOT SO GOOD – From Time magazine | The crisis in journalism has reached meltdown proportions. It is now possible to contemplate a time when some major cities will no longer have a newspaper and when magazines and network-news operations will employ no more than a handful of reporters.
There is, however, a striking and somewhat odd fact about this crisis. Newspapers have more readers than ever. Their content, as well as that of newsmagazines and other producers of traditional journalism, is more popular than ever — even (in fact, especially) among young people.
DOWNRIGHT UGLY – From The Washington Post | When Arthur Sulzberger Jr. refused to talk to his own reporter about the financial condition of the New York Times Co., it was the latest sign of an industry in deep trouble.
After all, the Times is not only the nation’s top-selling metropolitan daily but also boasts the top newspaper Web site, averaging 19.5 million unique visitors each month. Its struggles have sparked a passionate debate about how to wring more cash from the online world where the Times, like most newspapers, gives away its wares for free.