Filed under: Newspapers
If the University of Southern California Annenberg School’s Center for the Digital Future is correct, Denver likely will not have a major daily newspaper in 2017. Instead, The Denver Post will be an online property with print editions only once or twice a week.
“…Sales figures do not lie; circulation of print newspapers continues to plummet, and the current generation of print newspaper readers is not being replaced. We believe that most major U.S. daily newspapers as we know them today as print editions will be gone in about five years; eventually the only print newspapers that will survive will be at the extremes of the medium – the largest and the smallest. We expect at least four major newspapers with global reach to continue to publish daily print editions: The New York Times, USA Today, the Washington Post, and the Wall Street Journal. At the other extreme, local weekly and twice-weekly newspapers may continue in print form, as well as the Sunday print editions of metropolitan newspapers that otherwise may exist only in online editions.”
Hat tip: @hblodget
The bad news for newspapers continues. The Audit Bureau of Circulations (ABC) reports that domestic weekday newspaper circulation fell 8.7 percent over the past six months. Meanwhile, here in Colorado, the Denver Post reported a 10.2 percent weekday circulation decline over a year ago, which now puts it as the nation’s 14th largest newspaper in terms of weekday circulation.
Filed under: Denver Business Journal, Denver Newspaper Agency, Denver Post, MediaNews Group, Newspapers
Of course, that is not exactly how Aldo Svaldi’s Denver Post article this morning described it. Before running across the word “bankruptcy” for the first time in the third paragraph, it was described as a “pact,” “deal,” “new ownership structure,” “restructuring plan” and “agreement.” Clearly there is no need to buy Svaldi a thesaurus for his birthday this year.
Of the bankruptcy agreement, Media News chairman and chief executive William Dean Singleton said, “It gives us one of the strongest balance sheets in the industry.” Sadly, he may be right.
If you are interested, the Denver Business Journal also covered the Post’s bankruptcy agreement.
“America’s oldest journal covering the newspaper industry” realizes the same fate of so many newspapers it covered.
The Wall Street Journal has passed USA Today as the most-subscribed newspaper in the U.S. Unfortunately, the WSJ nabbed the honor only after USA Today raised its newstand price 33 percent saw a resulting 17 percent decline in circulation.