Monday, May 18, 2009

The news industry's uncertain future | The rebirth of news | The Economist

A stark reality check in The Economist; see the full article 

Most industries are suffering at present, but few are doing as badly as the news business. Things are worst in America, where many papers used to enjoy comfortable local monopolies, but in Britain around 70 local papers have shut down since the beginning of 2008. Among the survivors, advertising is dwindling, editorial is thinning and journalists are being laid off. The crisis is most advanced in the Anglo-Saxon countries, but it is happening all over the rich world: the impact of the internet, exacerbated by the advertising slump, is killing the daily newspaper.

The news industry's uncertain future | The rebirth of news | The Economist

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