21 December 2009 - 10:00Is the Newspaper Industry Declining as Much as it Seems?
For the past year, I’ve repeatedly heard how newspapers are losing their subscribers and advertisers, but a new study makes it seem like newspaper readership isn’t as bleak a situation as it seems.
Scarborough Research found that 74% of US adults (or nearly 171 million people) read a newspaper, in print or online, during the past week. The study also found that newspaper readers are still affluent (82% of newspaper readers had a household income of $100,000 or more) and educated (84% of readers are college grads or have advanced degrees).
John F. Sturm, president and CEO of the Newspaper Association of America, concludes that “For media buyers, analysts and others who evaluate the health of newspapers and the value of (the) medium’s advertising, audience is a far more meaningful way to measure newspapers’ ability to attract a growing audience across multiple platforms… (and) this data… also provides further evidence that newspapers reach a highly educated, affluent audience.”
Many publications realized years ago that they needed to change with the times. To do so, these papers added a multimedia department and began utilizing online editions. I personally rarely read the print edition of our local paper, but read have read the online edition everyday for years. The publications that are refusing to innovate are the ones that will be left behind, but from the study mentioned above, it’s obvious the papers with multiple formats are still doing pretty good!
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