Print Media: Is it Globally Doomed? – Asia Business News – CNBC – CNBC
Marking the end of an era, Newsweek confirmed Thursday that it will transition to all-digital by the beginning of next year.
In its overview of the State of the News Media in 2011, the Pew Research Center‘s Project for Excellence in Journalism noted, “Among the major sectors, only newspapers suffered continued revenue declines last year—an unmistakable sign that the structural economic problems facing newspapers are more severe than those of other media. When the final tallies are in, we estimate 1,000 to 1,500 more newsroom jobs will have been lost—meaning newspaper newsrooms are 30% smaller than in 2000.”
Is this the end of print media as we know it?
Newspaper circulation declined in North America and Europe, by 9.2 percent and 2.9 percent respectively in the period between 2004 and 2009. However, it increased 16.4 percent in South America, 16.1 percent in Asia and 14.2 percent in Africa during the same period, according to a study by Columbia University titled “The Future of Print Media.”
Two countries in which newspapers have actually seen an increase in popularity are Brazil and India.
Just this past week, The New York Times announced that it would be launching a Portuguese language online edition in 2013, likely in an effort to attract the large readership base in Brazil. On Oct. 2, The Financial Times announced that it would be expanding into the Latin American market, with a newspaper print site in São Paulo.
Posted on October 24, 2012, in Article and tagged Asia Business News, CNBC, Columbia University, Financial Times, New York Times, Newsweek, Pew Research Center, Project for Excellence in Journalism. Bookmark the permalink. Leave a comment.