Collapse of the US Newspaper Industry

Picture 2Business Insider captures the decline in 2009 (and before), citing statics that approach shocking:

  • 105 newspapers have been shuttered.
  • 10,000 newspaper jobs have been lost.
  • Print ad sales fell 30% in Q1 ’09.
  • 23 of the top 25 newspapers reported circulation declines between 7% and 20%.

5 Responses to “Collapse of the US Newspaper Industry”

  1. Tim Cohn Says:

    Newspapers are in the process of being disintermediated by the internet.

  2. Greg Sterling Says:

    But that’s been increasingly clear for some time. The apparently inability to take sufficient action in the face of that is what’s remarkable.

  3. Tim Cohn Says:

    Size is the enemy of speed.

  4. Malcolm Lewis Says:

    Agree re inadequate response — truly remarkable. Perhaps the most telling stat would be loss in market value of the leading publishers.

  5. Terry Howard Says:

    Good riddance. What this country needs a whole lot less of now is organizations who don’t know how to run a profitable business. These guys have been sitting on a stockpile of content and photos reaching back god knows how far. They had the biggest concentration of experience in classifieds, ad placement, information retrieval, and content development of anyone else. Why then did they not invent online search engines, Craigslist, ad networks, blogs and websites in general? Only one answer makes sense, they are dumb as a box of rocks in the business sense. Capitalism thrives on its ability to eliminate albatrosses like this from our economy. Online journalism is no less a bastion of freedom of the press than these dopes with their ink stained fingers.

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