1. The traditional print newspaper business model was already under threat from digital media and the 2008 recession accelerated this decline, with many newspapers abandoning print or shutting down entirely as advertising revenue dropped sharply.
2. Moving entirely online helped publications reduce costs by 50% but online advertising alone was not enough to sustain the traditional operations of newspapers.
3. The future of media will see a profound impact on digital information and advertising models as the divide grows between free online content supported by ads and paid premium content. Media owners will look to control platforms like e-readers and follow the mobile phone business model of tied content and advertising.
4. Miami Herald into third
restructuring New York Sun closes afte
New York Times Will Cut
years
Salaries; Washington Post to
Offer Buyouts When newspapers fold
Ad Declines in Mass Media US newspaper crisis deepens
Seen as More Than Just
Economic
Christian Science Monitor
abandons print edition
Rocky Mountain News Folds
Amid Ad Slump
Hearst Plans to Slash, Sell or
Shut Paper in Bay Area
Hearst Shuts Down a
Seattle Paper
Gannett slashing dividend to
preserve cash
Washington Post Net Plunges
Seattle Paper Advances Plans
Cincinnati Post folds to Turn Into Online-Only
Blender Magazine to Go Publication
Online Only
5. not only in the US, and not only newspapers
Note: Spoke about situation of media in Europe and what magazines were doing to save costs and increase revenue
10. 1 the print business model was already under
long-term threat from digital
2 great expense in returning to traditional print
model
3 “recessionary push” will lead to changed
habits and rituals