The demand for the everyday newspaper has suffered a majorly decline and is drastically affecting the economy. With the many options we have available to us that distribute immediate news updates, it makes it hard to still rely on the daily newspaper for the most current events. People are relying more on news broadcasts and the internet for daily information. Visiting search engines like Google and YouTube you can find almost any news story you want simply by typing in a few keywords about the subject. The majority of city and town newspapers also offer the paper to be viewed on their websites, causing readers to become more Internet-friendly.
In a New York Times article the Audit Bureau of Circulations stated that, “based on reports filed by the individual papers, show that circulation at The Houston Chronicle, The Boston Globe, The Star-Ledger of Newark, The Philadelphia Inquirer, The Orange County Register and The Detroit News fell 10 percent or more.” That is a major percent for these larger newspapers to see in a one year span. This decline is affects jobs when newspaper companies are forced to let employees go for a period of time. You can see more about declining paper reports in the link I provided below.
But with less demand on the paper and more demand on Internet sources, some people are complaining that the newspaper quality has been going down also. Peter Appert, a newspaper analysis at Goldman Sachs said, “it just seems impossible to me that you’re cutting costs dramatically without having some impact on the editorial quality of your product.” It’s important to hear news stories from multiple sources so the newspaper will always be a good source to read it.
http://www.nytimes.com/2008/10/28/business/media/28circ.html?ref=business
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In response to Erin's post, I have to agree with the overall message her blog is stating. It is not an unusual or rare topic to be heard amongst the public today, that newspapers are on a decline, and unavoidably so. The internet has far too many search engines, and an greater access of information for it no to be rising in popularity over the newspaper companies. Anyone can search for any topic at any time, anywhere, as long as they have availability to the internet. The one topic a local newspaper may be discussing, might have several different perspective available to be read at the click of a mouse.
ReplyDeleteHowever, I am not sure I full agree with her statement that, the decline of newspapers is drastically affecting the economy. ALthough major companies and local businesses rely solely on the newspaper to advertise and help fund, I can't help but believe that the internet is bring a newer and far more profitable way for companies to make money. For instance, with the internet, a reader in Texas could access a local newspaper page in Wisconsin. With that accessibility comes online advertising of local businesses, promoting their products nationwide. Thus comes more buying and greater profit, as well as a better economy.