According to Wikipedia, the decline of newspapers has been debated, as the industry has faced slumping ad sales, the loss of much-classified advertising and precipitous drops in circulation.
In recent years, newspapers’ weekday circulation has fallen 7% and Sunday circulation 4% in the United States, their greatest declines since 2010.
Overall, the industry continues to shrink, with Editor & Publisher’s DataBook listing 126 fewer daily papers in 2014 than in 2004.
To survive, newspapers are considering combining and other options, although the outcome of such partnerships has been criticized.
Despite these problems, newspaper companies with significant brand value and which have published their work online have had a significant rise in viewership.
The decline of newspapers has various adverse consequences, in particular at the local level.
Research has linked closures of newspapers to declines in civic engagement of citizens, increases in government waste, and increases in political polarization.
The decline of local news has also been linked to the increased “nationalization” of local elections.
In this video, Warren Buffett talks about the decline of the newspaper industry. He suggests only a few can be sustainable and thrive in the future.
Source: Finance Jane (Shared via CC-BY)
