NDM: The decline of the Newspaper Industry

The future of newspapers


http://www.economist.com/node/7830218

The intriguing article about the future of newspapers essentially explores how the newspaper industry is in decline due to the occurrence of the advanced technologies and also the developments in the new digital media that many people use for news consumption. This article was produced on August 24th 2006 which they predicted that the newspaper industry in 2043 would completely be wiped out in the USA. Nowadays, the development in the new digital media has attracted more of the younger generation which perhaps from 16 to 24s in the UK to use the internet for news consumption. They say that they spend 30% less time reading the newspapers when they start using the internet for news consumption which they find more easier and interactive.

1) Do you agree with its view that it is ‘a cause for concern, but not for panic’?


Within the article, the views are that the newspaper industry declining is "a cause for concern, but not for panic" and I essentially agree with the point that it is a cause for concern in the sense that more people with a wide age demographic, they tend to use the internet to access the news and mostly avoid the newspapers. However, with the statement "but not for panic", I quite disagree in the sense that the decline of the newspaper is a major problem for the newspaper industry. Also, this article was created 10 years ago so now, the developments of new digital media is more advanced which attracts more people to access the news on the internet. 


2) The article is 10 years old - an eternity in digital media terms. Have the writer's predictions come to pass? Use statistics from your Ofcom research to support or challenge the writer's argument.

The writer's prediction has come to pass as the advanced technologies and the developments in the new digital media has made progress on the news industry as the users are able to access the news more easily and efficiently. Inevitably, the amount of people purchasing the newspapers to consume news now is fewer than before. 


Key stats:

  • 65+ people are more likely to use the newspapers and the radio for news consumption than 16-24 year old's. 
  • 29% of people stated they use the newspapers for news consumption. 
  • The circulation of newspapers has decreased from 9.2 million in 2010 to 6 million in 2016. 
  • 485 of adults now use the internet for news access which is an increase from 2015 which was 41%. 


3) The Economist suggests that high-quality journalism in the future will be backed by non-profit organisations rather than profit-seeking media corporations. 
Is there any evidence for this? 

How is the Guardian funded? 

The Guardian is owned by the The Guardian media group and is funded by the The Scott Trust Ltd. 

What do major stories from the last year such as the Panama Papers suggest about how investigative journalism is conducted in the digital age?

The Panama papers shows that journalism is a key factor that causes a change in the media and it essentially allows an organisation to upload texts quickly on the social media online platforms to quickly reach a wide span of audiences. 

Comments

Popular posts from this blog

NDM: The decline in Newspapers - MM case studies

Article 2

Article 12