Print newspapers are losing readers to the Internet, and there is a ongoing debate about how many years newspapers can last. The Internet is taking over their business in news and advertising.
“After a century of continuous publication, The Christian Science Monitor will abandon its weekday print edition and appear online only, its publisher announced Tuesday. The cost-cutting measure makes The Monitor the first national newspaper to largely give up on print. . . . John Yemma, The Monitor’s editor, said that moving to a Web focus will mean it can keep its eight foreign bureaus open. We have the luxury, the opportunity, of making a leap that most newspapers will have to make in the next five years, Mr. Yemma said. [Source: Paper to End Daily Edition]
Web 2.0 is a popular term used to describe the new ways people interact on the Internet. New technology is finding new applications as the costs and methods of selling intersects with consumer demands. This sea change is accelerating a decade old trend. Consumers are losing interest in paying for newspapers, and they’re moving to the Internet.
Newspapers exist to make a profit, the goal of all profit corporations. Subscription fees and advertising are their primary sources of income. The overwhelming problem newspaper publishers face is that subscriptions are dropping as people can easily get their news free on the Internet 24/7, and businesses are cutting expensive advertising from their budgets because they cannot afford it, and because it is no longer producing results.
Many newspapers have created an Internet version of their papers, but for most that has been a disaster. For traditional print media there has been a huge disconnect between the printing presses that operate with gears and ink and the Internet that cannot be mapped on Google. Many publishers and editors have attempted to use blunt tools to traverse the chasm between printing presses and the virtual world of the Internet. Many are failing, and the current recession is the catalyst of their doom.
Even Microsoft, which moves very slowly, and only takes on new markets when others have already mapped the way, has been forced to reconsider its strategies involving the Internet. Remember it was Microsoft that refused to admit that Internet browsers were the way of the future, and after Netscape mapped out a large virtual presence, Internet Explorer was born of necessity and became a major MS priority. And after years of refusing to admit that the world will move away from expensive PC software, Microsoft finally capitulated and with some fanfare recently announced their grand plans to pursue cloud computing with Azure. Can there be any doubt the Internet is capturing vast territories?
“. . . with the rapid movement of dollars to the online space, [Paul] Martino [CEO of Aggregate Knowledge] believes it’s just a matter of time before online advertising dollars will overtake traditional media.” View article about online advertising.
“The latest Pew survey reinforces some of the key media chattering-class talking points for the past couple of years: Newspaper readership is declining, young people prefer their news from the Internet, . . . It’s definitely cutting into the time of print newspapers, which continue to hemorrhage readers to the advantage of online news” View article from Technews World. Another Pew study during the presidential election concluded:
Many more Americans are turning to the internet for campaign news this year as the web becomes a key source of election news. Television remains the dominant source, but the percent who say they get most of their campaign news from the internet has tripled since October 2004 (from 10% then to 33% now).
While use of the web has seen considerable growth, the percentage of Americans relying on TV and newspapers for campaign news has remained relatively flat since 2004. The internet now rivals newspapers as a main source for campaign news. And with so much interest in the election next week, the public’s use of the internet as a campaign news source is up even since the primaries earlier this year. In March, 26% cited the internet as a main source for election news, while the percentages citing television and newspapers remain largely unchanged. [Read Article]
I’m reminded of how Kodak had to shift its decades-long focus on film about five years ago. They actually closed their Rochester manufacturing plant to focus on a whole new line of digital products. Corporations and big shots don’t determine what products are produced–consumers do.
“Time Inc., publisher of Fortune, plans to slash 600 jobs, according to a report in The New York Times. Gannett Co., publisher of USA Today, plans 3,000 job cuts, according to Reuters, and the Tribune Co.’s Los Angeles Times plans to cut 10% of its workforce.” View article entitled Print Media Companies Slash Jobs as Economy Sputters. The Washington Post reported print advertising dropped 14 percent for the quarter, and was down 16 percent for the first nine months of 2008. View article Washington Post Co. Profit Plummets in Third Quarter.
Why do so many people love their Internet news? Is it because it’s free? Or is it because it is easily accessible 24/7, has unlimited search and result possibilities, includes opportunities to interact and participate, or is it because Internet news has both audio and videos? Maybe it’s all of the above.
Watch in the months and years ahead as traditional media moguls are humbled by the ending of an era. Who doesn’t read most of their news and information on the Internet? After all, you are re
ading this article.
Update 12/29/08: A major real estate brokerage published this nice little ad in their local paper:
Update 1/6/2009: “Many Media experts predict that 2009 will be the year that newspapers of all sizes will falter and die, a threat long predicted but rarely taken seriously until the credit crunch blossomed into a full-fledged financial meltdown. Some papers no longer print daily, and some not at all.” And this, “How long can the smaller Sun-Times survive as its parent, Sun-Times Media Group Inc., loses money every quarter? And what of the dominant Tribune, whose parent Tribune Co. sought bankruptcy protection this month because of its crushing $13 billion debt?” And this, “The Internet has surpassed newspapers as the main source for national and international news for Americans, according to a new survey.”
Update: “The Hearst Corp. is unlikely to find a buyer for its money-losing Seattle Post-Intelligencer, and the venerable newspaper — at least in its printed form — almost certainly will fold, industry observers say.” Seattle PI Going Out of Business
What’s next? The Port Angeles Daily News?
Update 1/14/09: “The Gannet Company, the nation’s largest newspaper publisher, said on Wednesday that it would force thousands of its employees to take a week off without pay in an effort to avoid layoffs. Gannett, which owns 85 daily newspapers across the United States including its flagship USA Today, said it could not say exactly how many people would be required to take time off, or how much money the company would save. But it said it would require unpaid leave for most of its 31,000 employees in this country.” [Newspapers Going Down]
Update 1/14/09: “The Minneapolis Star Tribune, the 15th-largest daily U.S. paper based on circulation, filed for bankruptcy on Thursday, one of the biggest U.S. newspapers yet to financially flame out under a heavy debt load and a punishing decline in advertising revenue. . . The news came on the same day that The Boston Globe, owned by the New York Times (NYT.N: Quote, Profile, Research), said it would cut 12 percent of its newsroom staff, and a day after USA Today publisher Gannett Co Inc (GCI.N: Quote, Profile, Research) said it would force staff to take a 1-week furlough.” Read Minneapolis Star Tribune Files for Bankruptcy.
Update 1/20/2009: “Google Inc will kill a program to sell newspaper advertising because it is not making enough money, a blow to its efforts to expand its ad expertise beyond the Internet. Google will shut the Print Ads program on Feb. 28, the company said on its blog on Tuesday afternoon. The two-year-old service was designed to help newspapers make money by enticing Google advertisers to expand into print newspaper sales.”
Update 1/31/2009: “Not that it’s anything we think the New York Times Company should do, but we thought it was worth pointing out that it costs the Times about twice as much money to print and deliver the newspaper over a year as it would cost to send each of its subscribers a brand new Amazon Kindle instead. . . . What we’re trying to say is that as a technology for delivering the news, newsprint isn’t just expensive and inefficient; it’s laughably so.” Read Printing the New York Times.
Ladies and gentlemen, you are witnesses to the slow death of the American newspaper.
Update 02/17/09: “After 146 years in operation, an icon, the Seattle PI is going out of business. The Seattle PI announced on January 9th that they would seek a buyer for the newspaper for a period of 60 days, and if no contract is inked with a buyer, the newspaper will have to take dramatic measures, which could include closing their doors permanently and/or going to a web version only.” [Read The Seattle PI Closing: Who Wins and Who Loses?]
Update 02/23/09: “The American newspaper industry has become the subject of more bad news, with the announcement that two local groups, including one that owns the country’s third-oldest daily newspaper, have filed for bankruptcy protection. The Philadelphia Inquirer has been placed into a Chapter 11 filing to allow its owners to restructure debts. The paper will be joined in bankruptcy protection by the Philadelphia Daily News and the website philly.com. The strife faced by such a hallowed title – the paper was founded as the Pennsylvania Inquirer in 1829 and rose to prominence during the civil war -comes after the Journal Register company sought bankruptcy protection at the weekend. It owns 20 daily newspapers in Pennsylvania, Michigan, Ohio, Connecticut and New York.” [Read US Papers File for Bankruptcy]
Update 2/24/09: “The Hearst Corp. said Tuesday that unless the San Francisco Chronicle can undertake “critical” cost-cutting measures including job cuts within weeks, the media giant will be forced to sell or close the 144-year-old newspaper. The storied San Francisco publication is only the latest newspaper to see its already sagging fortunes tumble further amid the economic downturn. Over the weekend, Philadelphia Newspapers LLC, publisher of the Philadelphia Inquirer, as well as Journal Register Co. each filed for bankruptcy protection. See related story on the health of the newspaper industry. Hearst said the Chronicle lost more than $50 million last year, and added that “this year’s losses to date are worse.” The Chronicle has had major losses each year since 2001, according to the company.” [Read Hearst Says Cuts Needed.]
When a company talks about “weeks” and drastic measures, you know there is serious trouble ahead.
Update 2/26/09: “The Rocky Mountain News, a Denver institution for 150 years, will publish its last issue tomorrow. A three-month long effort to sell the property yielded only one nibble, and the prospective buyer backed away quickly after learning that it would cost about $100 million just to stay in the game,†said Rich Boehne, chief executive officer of E.W. Scripps Co. “The industry is in serious, serious trouble, he told staffers assembled in the Rocky‘snewsroom (above, Rocky Mountain News photo).” Read Rocky Mountain News.
Update 2/28/09: “Why a once-profitable industry suddenly seems as outmoded as America’s automakers is a tale that involves arrogance, mistakes, eroding trust and the rise of a digital world in which newspapers feel compelled to give away their content.” And “Years ago,” says Jeff Jarvis, a blogger who has worked for the Chicago Tribune, the San Francisco Examiner and the New York Daily News, “why didn’t we take more aggressive action and use the power of our megaphone to promote the product and change the organization?” The answer is that newspapers were “a cash cow,” he says. “We thought too much about trying to preserve what we had.” And “With the old business model crumbling, some analysts say newspapers must find a way to charge for online content — perhaps through “micropayments” of the kind popularized by iTunes, which offers songs for downloading at 99 cents apiece. Others say papers must go the nonprofit route, relying on donors to raise endowments, much like universities.” And “Newspapers are killing sections and closing bureaus, particularly in Washington. The Detroit News and the Detroit Free Press have cut back home delivery to three days a week. The Washington Times has dropped its Saturday print edition. The Christian Science Monitor is switching to Web-only publication in April. Gannett Co., publisher of USA Today, is forcing staffers to take a week-long furlough. Hearst plans to close the Seattle Post-Intelligencer unless it gets a buyer.” [Read Under Weight of Its Mistakes, Newspaper Industry Staggers.]
Update 3/9/09: You’ve got to catch the irony of it, an online newspaper reporting the fall of the print newspapers. The Charlotte Business Journal reported this: “Struggling newspaper publisher McClatchy, parent company of Charlotte’s Observer, said Monday that it would cut 1,600 jobs and lower salaries across the company. . . But the steps announced Monday were even more severe than McClatchy was envisioning in February. The chain has been poisoned by a toxic mix of factors – immense debt from McClatchy’s purchase of Knight-Riddder a couple of years ago, the flight of readers and advertisers from daily newspapers to the Internet and a severe recession.” Read full story at McClatchy to Cut 1,600 Jobs.
Update 3/26/09: Some have thought that the newspaper business was not entirely at risk, since some of the biggest industry players were still operating safely. That’s no longer true. “On Thursday, the New York Times announced it was cutting salaries for editors and managers by 5% through the end of the year and would be asking for the same concessions from unionized newsroom employees. The Washington Post, meanwhile, will extend buyouts mostly to newsroom, production and circulation staffs. Layoffs could come next. Now that two of the nation’s best-regarded newspapers are taking dire actions, all bets are off. From now on, bad news across the newspaper spectrum will have to be accepted as more than simply a risk of doing business. It will be treated as routine” Read Newspapers Need a New Business Model.
Update 3/31/09: “Sun-Times Media Group Inc. has become the second newspaper publisher in the Chicago area, and the latest among several around the U.S., to file for Chapter 11 bankruptcy protection at a time of unprecedented advertising revenue declines in the newspaper industry. Rival Tribune Co., publisher of the Chicago Tribune, the Los Angeles Times and the Baltimore Sun, filed for bankruptcy last December.’ Read Chicago’s Sun-Times Media Files For Chapter 11.
Update 4/24/2014: For the latest on Print Newspapers dying, see Newspaper Death Watch, which tells the story of many newspapers that have gone out of business since the last update to this article. And check out the latest article on this blog as of this date at The Death of Newspapers.
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I have a regular job but have worked part time for the Atlanta Journal Contitution for 10 years now. I knew the day I started that newspapers were on the way out.
Over the years I have seen the circuation go down alot.
I myself get my new off the internet and never even open the paper.
One thing I have thought for a long time that the papers are big dinasours, it takes them so long to get a story out. Sometimes I look at the internet before I leave for the paper at night and can instantly get the news . I go to the paper waiting sometimes for several hours for the truck to bring the papers from Atlanta. It takes hours to get them delivered. By then it is old news atleast to me. Most of the people I deliver to are elder and to be honest are slowly dying out.
The paper itself keeps getting smaller and smaller much less ads than it was just a few year ago.
As for the Atlanta Newspaper just a few year ago it was delivered daily throughout most of the state of Georgia plus some in states like Florida. There have been cuts several times in the last year. Now it is delivered only in the meto Atlanta area. Alot of people have lost jobs full and part time.
That is my view point and it is nice to be able to share it with you. Thank H.M.E.
The paper edition will lose readers and that can no one do anything about. The way I see it is that online editions is cheaper easier and faster compared to paper editions. And also important aspects are that it’s a ‘greener’ alternative as and you don’t have to store the newspaper. Newspaper who has printed editions should concentrate on the internet edition because they as well as anyone must follow the future. Printed papers and magazines can still survive but they are not in the same situation as daily news papers and attracts another reader.
I just read the news on my iPhone and iPod touch, and I haven’t paid for a newspaper subscription for years.
One thing I have thought for a long time that the papers are big dinasours, it takes them so long to get a story out. Sometimes I look at the internet before I leave for the paper at night and can instantly get the news . I go to the paper waiting sometimes for several hours for the truck to bring the papers from Atlanta. It takes hours to get them delivered. By then it is old news atleast to me.
Every one is on the internet now
no need to go out and pay for a newspaper
Yes, I agree print media is going down!
But you will have to pay to read the news online pretty soon. Unfortunately.
This is so true. Many people spend more time on the Internet and it is so much cheaper.
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Well said everyone. No doubt we are seeing the death of newspapers. Sad but true.
I agree print media is somehow affected of the rapid grow of online reading. When you’re surfing the net you might as well read the news since you’re already using internet.
Of course they are. Why would you go out and buy a paper, when you’re sitting on your computer all day long. You easily have access to all the worlds papers online. It’s a brave new world:-) – Ray J.
The advantages of fast delivery of news through internet threatens the printing media badly making the need for printed newspapers go down in sales.
I indubitably agree that the internet is the fastest and most convenient way to get the news. I think that newspapers will be obsolete in the near future. The great advantage of using the internet is that you can read a lot of sources all of the same time compared with the newspaper.
What I like most in the internet is that you can find myriads of information so that you can critically think and weigh down your ideas. So as to the newspaper, there is a tendency that you can be fed up with the writers’ biases on the ideas. On the internet, you can see several ideas. Lastly, there are just a lot of subjects you can find in the internet compare to papers. You can see topics about politics, economics, environment, personal reviews, culture, society and a lot more.
Some ‘old school’ media companies are already charging for access to their online portals, or e-versions of their newspapers or magazines… I don’t see that as a problem, I’d rather pay for a subscription access to The Times or National Geographic and know I was getting great content than trawl through a ton of blogs to find the few gems in there.
However, for actual news (rather than article type journalism) blogs tend to be way faster – I’ll often see stories pop up in my rss reader 24 – 48 hours before they are on the mainstream sites, just because bloggers tend not to have to get past editors, and work all hours… I gues there’s a place for both!
The Internet has changed media forever – media and publishing companies need to keep up, or move out of the way. Blogs, wikis, social media etc. are faster, more convenient and more involving – I don’t even remember the last time I bought a paper, and I have no problem paying for online info if the quality is good.
Some newspaper companies have opted to provide free online content and have more ads. Others have already been looking at subscriptions. If you ask me I think it is only fair that good content is rewarded and paid for accordingly. Its the only way to maintain the high quality of print media.
Electronic media is the way to go, I’m not sure why these dinosaurs resist change. Paper media would have to be free to compete with electronic versions.
I think print is going down, but not as fast as everyone thinks. There will always, always be people in this world who enjoy it more than reading online…but no doubt it will suffer from here on out.
Good riddance to print media! We should all welcome the transition to digital media, as this will be much more efficient, and will present many more opportunities to people from across the globe.
Not only newspapers are magazines are getting smaller and disappearing, but Yellow Pages are getting smaller too. Who grabs a Yellow Pages these days to find a business? My local Yellow Pages came the other day and I hadn’t even opened the last 2 years – ever! When I went to put the book in the guest closet, I saw the previous years. Interesting tidbit – this year’s Yellow pages was almost 200 pages SMALLER than 2 years ago. Since Goggle, Yahoo, Bing all added the local search and maps, I always do a search for local businesses. My fingers do the walking on my keyboard – not the Yellow Pages.
Althought I think electronic media are becoming quite popular, it simply is not as relaxing or as comfortable as reading from a newspaper. Maybe when items such as the Kindle become more popular and cheaper (especially cheaper for the ebooks themselves) we might see more of a change.
Well, if u think about it, the internet gets news 10x faster whereas from newspaper it takes longer. You can get up to date news every second on the internet and its much more organized as well, its no wonder they’re starting to prefer internet news.
There is no question that the future of print newspapers is bleak. With the access of the internet in the tip of our fingertips, everything just comes so handy. I think as we move forward to the future, people are going to be very sensitive with regards to how efficient they will be with doing things and the access to the net certainly makes this easy. However, having said this, there will always be people who enjoy the laid back lifestyle that will always have the affinity towards the print newspapers rather than the latter.
I have been disappointed that print newspapers have been dying. Always enjoyed reading my paper and having a cup of coffee in the morning, but I’m learning to have my coffee in front of my computer now.
most newspapers are online these days anyway, so dont see the problem
This is indeed a long standing debate, the potential death of newspaper as a printed media in favor of digital media. Everything changes and due to the customization available online, I don’t think its’ such a bad thing.
I think the internet has really replaced newspapers. In terms of convenience, newspapers are far behind of what the Internet has to offer. You can read a lot more on the internet, than having limited pages of news and info on the newspaper. But many still have the feel of reading papers than surfing the net. But I guess the internet really is far ahead from the newspaper.
This is an interesting discussion. Today, news is spread faster through digital and social networking media. And with the resources available online, a lot of people find it easier to get their news from the internet. But that doesn’t mean that digital media takes over print media. A lot of people around the world still rely on print media because they don’t have enough money to buy a PC for their use.
Print Newspaper have there own value and they are not gone yet, but there’s no question the Internet is really very fast as compared to newspapers and a lot more convenient and a lot cheaper to use.
There are so many region in this world,where print paper is a way of social networking. There is no doubt Internet has take over the print paper,but you know there are lots of places in this world,where people have no Internet connectivity. Thanks for a great article and good discussion.
newspapers are dead, way more teens and adults use their phones to access news, and entertainment. Im working on a report about newspapers, and i depend on the internet for my information. (forgive me, i haven’t learned how to use the shift key to capitalize.)
There are so many region in this world,where print paper is a way of social networking. There is no doubt Internet has take over the print paper,but you know there are lots of places in this world,where people have no Internet connectivity. Thanks for a great article and good discussion.
Honestly, I am not old enough to have gotten addicted to print newspapers. I don’t even notice that newspapers are dying. I use a tablet mostly along with my smartphone.
I think the internet has really replaced newspapers. In terms of convenience, newspapers are far behind of what the Internet has to offer. You can read a lot more on the internet, than having limited pages of news and info on the newspaper. But many still have the feel of reading papers than surfing the net. But I guess the internet really is far ahead from the newspaper.
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I did bookmark your Sequim real estate blog, frankly because of the quality of your content and your pleasant writing style. Thanks for doing this all absolutely at no charge to people like me. Your effort and time are appreciated.
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I guess my question would be, “Who even reads paper newspapers anymore?” I know people do, but honestly, I don’t and none of my friends do. I’m 54 years old, so it’s not like I’m a 20’s something too young to read print newspapers. I just think that by the time I got a morning newspaper on my front porch, I probably already had access to all the news and photos and a lot more on the Internet the night before or earlier that morning. Plus I remember how I hated the boxes of news paper that would build up for my garbage man. And of course I was paying to take all that garbage out every week. So, no thanks to print newspapers for me. I read the news online with instant news and no paper waste. Thank you very much. Your Sequim real estate blog is a great example of the kind of great news and information I can get totally free. I love it. And thanks.
Online newspapers are seeing dramatic growth every week. It’s true that the print media is going down and people are using the internet for news.
Admiring the hard work you put into your website and the depth of information you provide. It’s nice to come across a blog every once in a while that isn’t the same old rehashed information.
You are absolutely correct. Even I prefer to read the news online.