Newspaper revenue continues to fall off the cliff
Previously explained Still falling of a cliff, newspaper edition. The post has two graphs from Carpe Diem showing the collapse in newsroom employment levels and industry revenue.
Here are a few more articles describing the cliff that newspapers are falling off of.
(Yeah, I know. Bad grammar.)
10/27 – New York Times – More Wretched News for Newspapers as Advertising Woes Drive Anxiety – At the time the article was written (late October), layoffs had already taken place in the Times and Gannett, with layoffs expected at the WSJ.
Subsequently, the WSJ combined its four sections into two sections. I’ll guess that means the layoffs have gone into effect.
I subscribe to the print and digital editions of WSJ.
The impact on the WSJ print edition has been significant. I’m still getting the news and editorials I really want, but it is taking me about half as much time to read the print edition after the downsizing. I have to flip through the first section to find articles that might be interesting to me.
Print advertising is expected to drop 11% industry wide in 2016. Digital revenue isn’t even coming close to making up for the drop.
Article says there is no end in sight for the continual drop in advertising revenue. I’ll agree with that.
6/15/16 – Poynter – Newspaper declines accelerate, latest Pew Research finds, other sectors healthier – Multiple sources covered this research. I just picked this article out of the flock of reports.
Pew Research indicates cable, evening news, and morning news saw increases in revenue in 2015.
Newspapers saw 7% drop in circulation and 8% drop in advertising revenues in 2015.
4/13/16 – Nieman Lab – Newsonomics: With new roadblocks for digital news sites, what happens next? – Digital news sites are having a tough time figuring out how to make money. Article reminds us that BuzzFeed missed its 2015 revenue target by 32% and dropped its 2016 revenue target by 50%.
Notable layoffs at Mashable, Huffington Post, Gawker, Al Jazeera (which closed its U.S. site), and Salon.