The LinkUp Blog The Industry's Best-Kept Secret
The Final Chapter
At the beginning of the month, I wrote a post that posited the idea that the the daily newspaper industry had entered its final chapter, that the beginning of the end had arrived, and that the only drama that remained was which characters would survive the decimation of the next few years and make it to the epilogue. The news from the industry this week confirms that this final chapter is indeed underway.
Among the highlights of the week, the 100 year-old Christian Science Monitor announced that it is ceasing its daily print operations in light of 40 years of declining circulation. Gannett announced that it is slahing another 10% of its workforce, with the brunt of the layoffs occurring at smaller community newspapers. The L.A. Times also announced that it, too, is slashing another 10% of its newsroom staff, further eroding an already delapidated product. And, worst of all, newspaper circulation across the U.S. fell by nearly 5% during the 6 months ended September 30th.
The narrative may take another few years to play out, but there is no doubt that the final chapter has begun.