The End of Newspapers Coming Sooner?
In my end-of-year post, I wondered about the demise of the newspaper industry and specifically about how arts coverage would suffer.
I though you might be interested in reading an article from The Atlantic that caught my eye today.
The sentence that really stood out was, "Specifically, what if The New York Times goes out of business—like, this May?"
It's a thoughtful and compelling article that goes way beyond my thinking and lays out the details of a world without The Times. I can't say I find this scenario that implausible.
You can read the full article here and I hope you do.
Meanwhile, the facts and figures back this up, and today's eMarketer has a story titled "The Shrinking World of Newspapers," which reports that newspaper revenues were down 16% last year. Carol Krol of eMarketer writes, "But they face the same
transition problems that plague other traditional media, such as TV,
and so far they have not been able to crack the code."
Here's that article which includes charts and graphs that tell the story in numbers.