Philadelphia Inquirer (April 15)
“At the age of 192, The Inquirer is stopping its own presses for good—the April 1 issues marked the last official runs—and will be outsourcing its print operations in line with newspapers across the country that are cutting costs and fighting a media universe changing at the speed of breaking news.”
Tags: Breaking news, Costs, Inquirer, Media universe, Newspapers, Outsourcing, Presses, Print operations, Stopping
Los Angeles Times (December 8, 2013)
“Between 2000 and 2010, as newspapers lost readers of their print editions, some 120 paper mills were closed in the United States and Canada, with a loss of 240,000 jobs, or about a third of the paper industry’s workforce.” But paper still has a future. In fact, paper has about 20,000 uses, including cardboard and bags, according to a British association of paper historians. We won’t become a paperless society overnight.
Tags: Canada, Cardboard, Historians, Jobs, Newspapers, Paper mills, Paperless society, Print editions, Readers, U.S., Workforce
Wall Street Journal (August 7)
“The most striking fact about the recently announced sale of the Boston Globe and Washington Post is their low prices…. The prices reflect the decline of newspapers as a business in the Internet age, which is the kind of creative destruction millions of Americans have experienced. Disruption is the price a capitalist economy pays for innovation, and the news business is merely the latest example.” The new owners should be welcomed as they provide “an opportunity for new ideas and perhaps a turnaround.”
Tags: Boston Globe, Capitalism, Creative destruction, Decline, Disruption, Ideas, Innovation, Internet, Newspapers, Opportunity, Owners, Prices, Turnaround, Washington Post
Wall Street Journal (June 24)
“For a country with a reputation of being a technology forerunner, Japan holds on dearly to all things tangible. Four of the world’s five biggest newspapers are Japanese. Faxes remain a staple of business communication. And the compact disc is alive and well.”
Tags: Communication, Compact disc, Digital, Faxes, Japan, Newspapers, Print
The Economist (December 8)
“After years of bad headlines the industry finally has some good news.” Over the past decade, newspapers took a terrible tumble as U.S. revenues nearly halved. But newspapers haven’t died and things may be looking up. “Revenues from advertising are still falling, but those from circulation have at last started to stabilise. At some papers, such as the New York Times, circulation revenues this year are forecast to offset the decline in advertising for the first time in at least five years.”“After years of bad headlines the industry finally has some good news.” Over the past decade, newspapers took a terrible tumble as U.S. revenues nearly halved. But newspapers haven’t died and things may be looking up. “Revenues from advertising are still falling, but those from circulation have at last started to stabilise. At some papers, such as the New York Times, circulation revenues this year are forecast to offset the decline in advertising for the first time in at least five years.”
Tags: Advertising, Circulation, Newspapers, Revenue, U.S.
