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15 Jan 10 Is Online Social News Killing Newspaper Industry?

The newspaper readership is going down. Perhaps, the readership is at time low. I was wondering, could it be that Google alert, twitter, and other online breaking news services are killing the newspaper? Well, it could be the reason for decline in the newspaper readership. The graying readership is an indication of the trend.

In a poll conducted in December 2009 by Adweek Media and Harris interactive it was found that only people above 55 (64 percent) reads the news paper almost daily, whereas, only 23 percent young people (aged between 18 and 34) reads the news paper daily either online or in print. 17% youth in the same bracket said they never read the newspaper. See the image below for the complete result of the online poll conducted between December 14 and 16, 2009. It has a sample size of 2,136 U.S. adults.

The research will be a major blow to already declining newspaper industry as the major spenders do not read newspaper. The industry should gear up to move into related category before the revenue source dries out, or it should find a way to reinvent itself, if the industry wants to survive the digital blow.

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Tags: , , Breaking News, , Dries, , , , , News Services, , Online News, Online Newspaper, Online Poll, Revenue Source, Social News, Spenders,

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