August 30th, 2006 mediaME Editor
The front cover of the latest issue of The Economist says “Who Killed the Newspaper”.
Imagine that, newspapers being pronounced dead already!
Obviously, it’s too early, but it could be gradually happening as newspapers in the US and Europe are firing staff, reducing costs and accepting advertising deals at lower rates!
Apparently, newspapers who don’t successfully migrate to the Internet are losing readers, and those who do are getting more readers on the online edition than they ever did on the print edition!
The only problem is that they don’t make a decent amount of money online yet.
Time to change everything in the newspaper business, don’t you think?
And here’s a very expressive graphic image.
Read The Economist story here.