2005 worst year for newspapers since recession
A really interesting report from Goldman Sachs cites 2005 as the worst since the last ad recession for newspapers, with major forms of revenue declining and diminishing readership numbers - all due to preferences for online information. "[Technologist Rishad Tobaccowala] added that newspapers are in the worst situation of all news media for growth as 'the least visually engaging and least youth oriented' medium."
Ouch.
Ouch.
posted by Jason Salas @ 7:26 PM
1 Comments:
At November 2, 2005 5:28 AM,
Dennis (Chicago) said…
Ouch is right. Does this mean newspapers will transition to the web? I subscribe to the Chicago Tribune sunday edition only for the ads...if it didn't have the ads I would never read it.
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