A few years ago I was on a panel discussion and the moderator asked us all how long newspapers distributed on newsprint would last in the United States. My guess was 20 years: that is, the last newspaper in the country would shut its doors in 2025. That's now looking pretty optimistic: a lot of people these days seem to think that 2012 is more like it, and today's news won't do anything to change their minds. At the same time, there are various ways you can look at that 10% drop, and one of them is simply that the recession has condensed several years of decline into a single year. A $500 newspaper subscription is a prime candidate to get sliced out of the family budget when times are tough and news can be found everywhere.
Monday, October 26, 2009
Kevin Drum forecasts the demise of newspapers.