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Class Notes for Monday, October 24, 2011

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Page 1: Class Notes for Monday, October 24, 2011
Page 2: Class Notes for Monday, October 24, 2011

Newspaper Circulation

Page 3: Class Notes for Monday, October 24, 2011

Newspaper Readership (age)

Page 4: Class Notes for Monday, October 24, 2011

Newspapers, including online,

saw ad revenue fall 26% during the year, which brings

the total loss over the last

three years to 41%.

Page 5: Class Notes for Monday, October 24, 2011

OK, so newspapers are dying.

Who cares?

What does it matter?

Page 6: Class Notes for Monday, October 24, 2011

What’s Behind the Fall?

• Craigslist

• Distribution

• Unions

• Stale content

• Lack of innovation

• Culture shift

• Terrible newspaper management

Page 7: Class Notes for Monday, October 24, 2011

General News/Niche Markets

It is no longer viable to produce a single news product for a

diversified marketplace that expects information to be

personalized and available on demand.

Page 8: Class Notes for Monday, October 24, 2011

What does a world without newspapers look like?

• End of long-form journalism

• Even less accountability for politicians and corporations

• The end of the shared, “communal news experience”

• A major shift in the “news ecosystem”

Page 9: Class Notes for Monday, October 24, 2011

So what do you think newspapers should do?

Page 10: Class Notes for Monday, October 24, 2011

Are paywalls the answer?

Page 11: Class Notes for Monday, October 24, 2011

Is digital news the answer?

Page 12: Class Notes for Monday, October 24, 2011

Sadly… not likely

Page 13: Class Notes for Monday, October 24, 2011

The painful conclusion

A newspaper will be the equivalent of 78 rpm record for my 1 year old

son.

A medium that had its time but no longer exists.

Page 14: Class Notes for Monday, October 24, 2011

Just because newspapers die does not mean the news

business is dead.

Page 15: Class Notes for Monday, October 24, 2011

Burn down the old to make way for the new