According to TechCrunch, one of my preferred online news sources, in a piece by Duncan Riley:
“Figures released by the Newspaper Association of America show that the decline of newspapers is more rapid than previously thought, with total print advertising revenue in 2007 plunging 9.4% to $42 billion compared to 2006, the biggest drop in revenue since 1950, the year they started tracking annual revenue.”
We are witnessing a major upheaval in the media landscape, as the Internet makes the print news model increasingly untenable. Printed news is expensive to produce, arrives so slowly that it can hardly be called “news” upon arrival, and is an absurd waste of trees and energy.
What does that mean? The race is on to figure out the winning model for online news. Somewhat ironically, the New York Times wades in on the topic, with a piece by Saul Hansel, entitled “PaidContent vs. TechCrunch: Two Visions of Blogging’s Future.” It might have been better titled, “Two Visions of the Future of the New York Times.”
My previous post here.
And the original source here.