Newspaper Industry Demise
Before discussing the decline of the newspaper industry, it is important to first know when the newspaper industry began. The world's first newspaper appeared in Rome in 59BC when news for the “Acta Duirna” was carved in stone or etched on metal with copies strategically placed around the city for people to read. America's first folded newspaper was published in Boston in 1690 with a 4-page format on 6x10” paper available on a weekly basis. The first daily newspaper was Pennsylvania Evening Post published September 21, 1784.
Depending on whose opinion is being entertained, major factors contributing to the newspaper industry's possible demise are recessionary aspects of the current economy, decline in circulation and speedy-news-delivery afforded by online news websites. Since March 2007, Rocky Mountain News, Baltimore Examiner, Honolulu Advertiser, and San Juan Star have ceased publication. According to the Paper Cuts website, 120 additional newspapers have followed suit since 2008. How this will affect newspapers is yet to be determined.
In the opinion of one Florida mayor, “newspaper reporters are lobbyists.” According to historical accounts, Captain John Smith was the first newspaper reporter back in 1608 for Newes from Virginia. Hamilton Jordan claims if the newspaper industry demise happens the fault will lie solely in the hands of News Corp shareholders. Jordan maintains it is time for the Occupy Movement to institute an Occupy News Corp campaign.
Al Tompkins, journalism professor at Poynter Institute, says news in print is news verified as opposed to information online predominately being rumor-mill generated. Zacks Equity Research cites the popularity of hand-held devices coupled with their instant Internet access capability as a trendsetter. Zacks also cited the cost for newspaper subscription and newsstand copies versus free access.
Cost-cutting measures are currently being instituted by independent newspapers as a means of survival. The New York Times currently charges $15 to access a maximum of 20 articles online. Smartphone and iPad charge $20 to $35 for online newspaper access. Which are almost as popular as playing a bonus at Gaming20 where one can review canadian online casinos.
With regard to the future of the newspaper industry, there are some practices currently being initiated that are deemed contributory to its survival and within the capability of mankind to control. As with any vision of what the future holds, there are statistics concerning the direction in which readership appears to be headed. Left to the imagination are speculations surrounding the appearance of devices yet to be invented.