VOL NO REGD NO DA 1589

Wednesday, October 12, 2005

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

MANAGEMENT TODAY

EDITORIAL

LETTER TO EDITOR

COMPANY & FINANCE

BUSINESS & FINANCE

GERMAN DAY OF UNITY

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

 

 

 

Archive

Site Search

 

HOME

MISCELLANY
 
Letter from America
No bright future for US print media
Fazle Rashid
10/12/2005
 

          
THE print media in USA, arguably the strongest in the world, is passing through a rather gloomy period. Financially they are all very solvent. But the people involved with the industry do not visualise a bright future. Every newspaper in the country is trying to digitise its contents with websites, blogs, video and podcast, New York Times (NYT) in an article said last Monday.
A recent survey revealed that average Americans spend more time online, on the phone, and on radio than they do on sleeping. A paper is static product. It does not move 24 hours a day as other media do, updating incidents as they occur. The wind of change has started to catch on the print media.
Print media together have announced 700 job cuts in the coming days. The papers which will bring down the number of staff strength include such major dailies like the Boston Globe, San Jose Mercury News, the
Philadelphia Daily News, the Baltimore Sun and Newsday. The Los Angeles Times, the Wall Street Journal and the Washington Post have eliminated jobs.
The problems worrying the news industry are credibility gap, the stagnation of revenue, drop in circulation and costs going up. The circulation has shrunk by 30 per cent in many newspapers.
The future of the print media is being blocked rapid expansion of the internet. The newspapers stock in the Wall Street is sliding downward.
Papers are bolstering their web sites, building internet offerings and produce audio feeds. Newspapers maintain some inherent advantages. Despite a drop in circulation they still reach a wider audience. About 52 per cent of adults read newspapers and 39 per cent watch prime time tv. Newspapers still continue to be profitable and 12 major newspapers posted 21 per cent operating margin.

 

 
  More Headline
Advancing LDC interests
No bright future for US print media
Last ditch bid to win Sunni support ahead of Iraq referendum
Thoughts on Ramadan-V
EU hoping to restart Iran nuclear negotiations
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com