Hope your 4th of July/Independence Day weekend was terrific. Did you follow any news via a printed paper this weekend? It seems fewer and fewer folks are.Today's Silicon Alley Insider lays out the numbers behind the 'news that's fit to print' - here's a snippet below - Much more insight at the link.
So far this year:
105 newspapers have been shuttered.
10,000 newspaper jobs have been lost.
Print ad sales fell 30% in Q1 '09.
23 of the top 25 newspapers reported circulation declines between 7% and 20%.
What happened? The economy collapsed and advertising budgets went with it, accelerating a process already underway: the Internet's erosion of the entire newspaper industry.
One of the comments positioned the doomsday scenario for papers this way: "The 400 year era of any company packaging a group of stories that its editors hope can satisfy all people's interests is effectively over because the people now have radically more choices available and are making use of that." Amen to that.

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