You guys that still believe there’s a future for newspapers business model in its traditional form (online “papers” included) – this graph is for you.
Yes – this is all about U.S so far. U.S papers have obviously taken the first hit. Many newspapers have been knocked out over there. And more will follow. But I guess the rest of the international paper industry will follow. In U.S the print advertising revenue fell by $2.1 billion in 2011. The newspaper industry are only worth about $34 billion yearly, down from $59 billion in 2000.
Check out the discussion in this matter in Inside Story between Clay Shirky – professor at interactive telecoms dept in NYU, Andrea Stone at Huffington post and Paul Farhi, media reporter for The Washington Post.