- Posted by Ad astra on July 8, 2009
There has been much angst exhibited in recent weeks by newspaper executives, editors and journalists about the future of newspapers and the evolution of online news content and opinion. In his speech to the National Press Club The Future of Journalism on July 1, John Hartigan, CEO of News Limited, catalogued some spectacular newspaper failures: “Within a year, some people are predicting that Los Angeles, Boston, Detroit, San Francisco or even Miami will become the first major US city without a daily newspaper. The LA Times, Chicago’s Tribune and both dailies in Philadelphia are bankrupt. The New York Times is close to bankruptcy. Losses in the first quarter were more than 70 million dollars. The Washington Post lost 54 million. The Boston Globe almost went under last month....The number of journalists on American newspapers is now at the lowest level in 25 years. Back then, American newspaper sales peaked at 63 million copies a day. Sales are now at 34 million. Readership has also almost halved over the same period. US newspapers are failing to adapt to the digital age. More...