SoylentNews

AnonTechie [soylentnews.org] writes:

The news remains mostly bleak for the American newspaper industry, struggling over the past decade to adapt to the new digital landscape. The sale of the San Diego Union-Tribune in early May for $85 million underscored the horrific slump in the value of "old media" companies in recent years. Although the sum paid by Tribune Publishing was only marginally below the $110 million in a 2011 sale of the San Diego group and excluded some valuable real estate, the newspaper was believed to be worth as much as $1 billion as late as 2004.

The story is the same at other once-proud US metropolitan dailies: according to the Pew Research Center, valuations are down by more than 90 percent from their peaks at the Boston Globe, Philadelphia Inquirer, Chicago Sun-Times and Minneapolis Star-Tribune.

While newspapers are trying to get readers with digital subscriptions and mobile apps, they are swimming against a powerful tide. For the US daily newspaper sector over the past decade, weekday circulation has fallen 17 percent and ad revenue more than 50 percent, according to Pew. And in 2014, three big media companies decided to spin off newspapers to focus on more profitable broadcast or digital properties.

http://phys.org/news/2015-05-newspapers-struggle-path-digital-age.html [phys.org]

Will there ever be a revival of the newspaper industry or is it gone for ever ?
Or, will there be an uneasy equilibrium between digital news media and newspapers ? What does SN think ?

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