More bad news for newspapers

New Yorker: Out of Print: The death and life of the American newspaper — In the Internet age, however, no one has figured out how to rescue the newspaper in the United States or abroad. Newspapers have created Web sites that benefit from the growth of online advertising, but the sums are not nearly enough to replace the loss in revenue from circulation and print ads.

TechCrunch: Decline Of US Newspapers AcceleratingFigures released by the Newspaper Association of America show that the decline of newspapers is more rapid than previously thought, with total print advertising revenue in 2007 plunging 9.4% to $42 billion compared to 2006, the biggest drop in revenue since 1950, the year they started tracking annual revenue.

TechCrunch: News Via Old Fashioned Means Put On Deadpool WatchSurvey results released by We Media/Zogby earlier this week show that more people turn to the internet for news than any other source.

Duncan Riley, writing in TechCrunch:

Newspapers do have a future, but as I wrote in November, we are yet to see a major consolidation of print in the United States. Declining revenues will ultimately force consolidation across print media in the United States, and many of those that fail to embrace change will be on borrowed time.

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