Skip to comments.And Now Let Us Gasp In Astonishment At What Just Happened To The Newspaper Business
Posted on 09/17/2012 6:11:36 AM PDT by DManA
Below, via Mark J. Perry and Bill Gross, is a chart we've run before. It shows inflation-adjusted newspaper advertising revenue over the past 60 years.
Thanks to the precipitous decline in the last ~7 years, the industry is now back to where we it was in 1950. And it's only slightly better off when you factor in online revenue.
Read more: http://www.businessinsider.com/newspaper-advertising-collapse-2012-9#ixzz26jSCZVzI
(Excerpt) Read more at businessinsider.com ...
I believe the subsidy will come in a form of a tax on the INTERNET, a tax that will be subject to state and local sales taxes so that all levels of government can put their hands in your money pocket.
Seems like the bi-blog does a lot of “gasping.”. Working there must be a trip.
Is it just me, or does the cliff coincide with Obama’s election?
Liberals can’t resist a tax and then add more tax on the tax. I predict the newspapers will be back.
I don’t think it is.
The print edition is dead.
If the newspaper owners could figure out how to market their product electronically, they would be fine.
The question is, will scarcity increase demand or will less people read it because they'll become accustomed to going online for obituaries and police reports.
Of course, grocery store coupons will keep the Sunday paper in play.
The cliff actually coincides with W’s two elections. Is there a pubbie conspiracy here?
wat U Xpect whn U spend $$$ N yrs 2 mAk pEpl literate N get txtglish?
This surprises me not at all...
Well, this made my day.
Nope. Just the advent of the growth of alternative news sources (Internet, etc) and a realization that the newspapers just mimic each other.
I could have wrote and summed this all up into a few words: Survival of the fittest. =.=
Just curious. Did you not know the paper’s political orientation before the editors endorsed Barack?
—— Too beautiful not to share: ——
Lovely. Thank you.
Now to finish the job...
The campaign of 2008 accelerated an inevitable decline. When the print media failed to examine any details on Obama, it drove the inquiring mind to alternative sources to answer even basic questions. This empowered alternative news sources, most of which were online.
The transition would have occurred anyway, but because of their own behaviour, the print media created a cliff where a slope would have been.
The NJ paper (News Tribune, later TNT, now Home News Tribune) I grew up with is now about 20 pages total. About 2-3 pages of world news, 2-3 of local news, a couple of sports, obits (for which they now charge an exhorbitant fee), comics.
A far cry from the fat papers we used to get. Heck, we used to get them twice a day (morning & evening editions).
the TV networks are the same way
Such promises if made would be very difficult to keep secret.
Those in the news industry do not need financial incentives to promote and protect Obama. These people are true believers in Leftist Socialist ideals not to mention racial preferences.
Those practicing journalism today are graduates of Liberal Arts colleges with the emphasis on LIBERAL. These people are the products of Liberal indoctrination whose goals are to change the world to better fit their Leftist ideals.
Yes these people want a paycheck but they chose their profession to accomplish a mission. That mission is a geo-political world in which their socialist ideals are realized; Obama more than any other President of the past embodies those ideals. They will fight for him; some of them may even consider dying for him.
They certainly have no trouble lying, cheating and stealing for him.
Didn’t take long for alt media to take over. “...this is the way the world ends: not with a bang but a whimper.” - T. S. Eliot
They might recover if they printed real honest fair news and kept opinions on the opinion page.
But you can only kick a dog so many times before he turns around and takes a chunk out of your leg, and when I stumbled upon their "slobbering" adoration of Hussein, I knew that no matter how many coupons the Sunday paper had, it was time to go. This dog had taken all he was going to take!
I would bet network TV news is following the same curve.
The most important thing is that newspapers lost advertisers to online advertisers. The absolute peak of that chart is also the year Craigslist, an online classified ads website not owned by any newspaper, turned into a public company. Currently, 60 million people use Craigslist every month. It was the loss of classified ads that really hurt newspapers.
I know of many who had quit the papers because of the jaded editorials and biased reporting. The Commercial Appeal (Memphis TN.) also “chastised” voters in surburban areas for not voting the way the CA had endorsed. I know of several who stopped the paper after the Sunday Doonesbury “comic” strip that appeared in the comic section and not the editorial section that reffered to members of the United States Military and especially the Marine Corps as losers.
If I’m eating breakfast out and alone I still buy one and glance through it and work the crossword, that’s what I miss most about the paper but this particular morning, several years ago my eye caught a small article that I believe was on the editorial page. It stated that contrary to rumors and statements about them losing customers that the only ones they had lost were those who moved out of their area or THOSE WHO WOULDN’T PAY AND HAD TO BE CUT-OFF. Those lying B@$&*!%^.
That would require:
1) Telling the truth about the failures of social democracy.
2) Lowering the online subscription cost to about $10/year.
I don't think any of our existing newspapers can handle either change.
Two weeks ago I canceled my subscription to the Wall Street Journal...$455 a year is just too much for a paper that won’t vigorously defend capitalism in this age of Obamanomics.
If all the news commentary is going to be neo-soviet news commentary, like it is now, people are better off without it. One state controlled service could do the job of all the neo-soviet papers and the neo-soviet alphabets.
better shift the ol’ 404-K into AM radio stations...
They’ll have to get lean, f’sure.
P.O.E., I recall in those good ole days, we had 5 editions in the Chicago 4 majors newspapers.. The last being a midnight, overnight rap-up..
Some folks would wait at our downtown paper stand, even in the extreme weather, for the most recent edition to be dropped off the truck so they had the latest news to read on the streetcar on their way home..
Further, we also had EXTRA EDITIONS, when some extraordinary story broke.. The last time I shouted..”EXTRA, EXTRA, READ ALL ABOUT IT” was the death of Joseph Stalin..
And still insanely biased.
12 The wicked plot against the righteous
and gnash their teeth at them;
13 but the Lord laughs at the wicked,
for he knows their day is coming.
14 The wicked draw the sword and bend the bow
to bring down the poor and needy,
to slay those whose ways are upright.
15 But their swords will pierce their own hearts,
and their bows will be broken.
16 Better the little that the righteous have
than the wealth of many wicked;
17 for the power of the wicked will be broken,
but the LORD upholds the righteous.
May it be soon, O Lord, may it be soon ... Amen
My sister and brother in law work in advertising. It is dying. Not only are people using the DVR to skip the commercials (which the people providing the DVR can see), but more and more people are watching over the Internet.
The buyers can also monitor ad clicks from Internet ads, and know that that is declining as well. The way things are going, we may see all of the entertainment options we grew up with die out.
I cancelled my subscription to the local paper when they endorsed hussein in 2008 and I let them know the reason. Didn’t seem to matter much to them. They are still printing their liberal garbage. It’s amazing how entire industries are willing to write off potential profits from half the country for the sake of their liberal ideology and their “historic” _resident.
The transition would have occurred anyway, but because of their own behaviour, the print media created a cliff where a slope would have been.”
This is precisely my theory as well. What little credibility the press had after the 1992 election was lost in the 2008 election. The difference between 1991 and 2007 is that in 2007, people had alternatives.
Ah, like the tax on cars to subsidize the buggy-whip industry?
I dont think the free local weeklies are dead. There is a big market for local paper and advertising.
are having trouble find advertisers and subscribers? Breaks my heart.
You’re right. Shoppers are going strong.
Also daily papers in suburbs don’t have a marketing problem.
Might help cable news but it won't help newspapers. They are a business model coming to an end. The only hope they have is for a SHTF scenario. Then maybe they will come back.
The old media is bleeding to death and they shoot themselves in the foot.
“Never argue with someone who buys ink by the barrel.”
Fewer and fewer barrels......
When the newspaper industry saw consolidations and failures that made most metropolitan cities go from more than one local newspaper to one-newspaper towns, it was expected that profits would magically rise forever under monopoly conditions.
The first thing the new monopolists did in most areas was to go to their largest advertisers such as car dealers, furniture stores, and department stores and raise their rates. The adverstisers rebelled and found other, cheaper means of advertising including throw-aways, neighborhood papers and TV.
Look at your local paper now; it’s so skinny that there is hardly enough for covering the bottom of a bird cage.
You are so right. Over the weekend I was channel surfing and came across GMC Channel. They are running the series Touched By an Angel. I remember my wife and kids and I watching, and loving the show. So great to see it again. I began to wonder, in this age of everything gay and sexual subtext, how such a show would fare again (given the opportunity). A network in dire straits would do well to launch such Sunday evening entertainment again.
It will never happen.
If someone launched a conservative channel with shows like that, it would probably not get picked up by cable systems and then there would be a leftist outcry about its bias if it did and boycotts of sponsors.