Newspapers: A Growth Industry?
How’s this for breaking news, the newspaper industry is thriving. According to new data from the World Association of Newspapers:
* Global newspaper circulation up 9.9% over five years and 2.36% over twelve months
* Daily newspaper titles surpass 10,000 for first time in history
* More than 450 million copies sold daily
* More than 1.4 billion paid-newspaper readers
* Total free daily circulation more than doubles in five years
Here’s an self-serving, enthusiastic quote from WAN CEO Timothy Balding: “What we are seeing completely contradicts the conventional wisdom that newspapers are in terminal decline…. The fashion of predicting the death of newspapers should be exposed for… nothing more than a fashion, based on common assumptions that are belied by the facts.”
So how does one read this data in the face of concerns the newspaper industry is being killed by the Web? While the industry newspaper may find some comfort in the data, they shouldn’t become complacent at all given most of the “growth” is coming from free daily newspapers that are chock-a-block on nearly every street corner these days. As well, fewer younger people are reading newspapers, which doesn’t bode well for the newspaper industry’s future in print.
If I were a newspaper executive, I’d use the WAN data as a sign there’s still demand for high-quality content from professional news organizations. But it should not deflect from the reality that more people are consuming information in different ways (blogs, videos, RSS feeds, podcasts, etc.) so newspapers need to aggressively embrace non-paper vehicle to stay vibrant.
Note: In other newspaper industry news, it’s interesting to see that a Belgian court has ruled that Google may not reproduce extracts from a variety of Belgian newspapers. Will this be the end of Google News as we know it? Will Google be forced to seek licensing deals from newspapers around the world? Is Google news a good thing or bad thing for newspapers given it has the potential to drive traffic to newspaper Web sites. Google’s response to the decision can be on its blog - the is “disappointed” and intends to appeal.
Technorati Tags: Google, Newspapers
February 13th, 2007 at 9:07 pm
You know better then most the inner workings of the newspaper industry, and I would tend to agree that this is far from saving what many believe to be an industry in decline for the past several years. I do believe however that once newspapers concentrate on bringing quality writing and reporting to the forefront, that this will save them. The only thing I find difficult with online news gathering is verifying the the veracity of some of the information that is out there, where controls barely exist.
February 13th, 2007 at 11:04 pm
I continue to believe newspapers will stay vibrant and viable if they move up the food chain. They have get away from telling people what happened (aka the news), and focus on telling people why it happened and what it means. In other words, they need to offer perspective and insight while leaving the as it breaks news to the wire services, blogs and online news sites.
February 14th, 2007 at 7:16 am
What I find interesting in that report is the data about free newspaper growth. On the Web, it’s very rare that the user ends up paying for content. TV, radio, business directories are also subsidized by advertisers. Does this mean that part of newspapers’ problem is on the consumer pricing side (i.e. what would happened if all newspapers dropped their prices)? Or is this just a new consumer segment? I’d be curious to hear from get your perspective.
February 14th, 2007 at 8:54 am
The issue of price is interesting. What if newspapers gave away their newspapers - would it boost or maintain circulation? I suspect it would probably help but it’s not a viable financial solution unless newspapers continued to gut their newsrooms, which are already under pressure.
February 14th, 2007 at 3:25 pm
[...] Newspapers: A Growth Industry? Now for the counter punch. I still like newspapers myself. (tags: media) [...]
February 15th, 2007 at 2:37 am
read online and save the trees