As US consumers look for ways to save money, one of the things that will continue to suffer is newspaper subscription revenue. Paid newspaper circulation reached its peak in 1999 and has been on a downward trend since. But 2009 could bring a dramatic decline to those rolls.
Pew recently found that the Internet was second only to TV as a source of news for Americans:
Currently, 40% say they get most of their news about national and international issues from the internet, up from just 24% in September 2007. For the first time in a Pew survey, more people say they rely mostly on the internet for news than cite newspapers (35%). Television continues to be cited most frequently as a main source for national and international news, at 70%.
Source: Pew People and the Press (12/08)
The “newspaper of the future” is the smartphone and you’re starting to see specialized apps (i.e., for the iPhone) from AP, USAToday, ABCNews and others accordingly.
January 2, 2009 at 11:55 pm
Based on the graph’s slope, it looks like internet news will catch television news by 2010.