Despite having more than 10 million online readers, the Detroit Free Press is not immune to the changes in the newspaper industry. Since its inception, print advertising has become the newspaper’s financial lifeblood. But now the landscape is changing. The digital advertising revenues that the Detroit Free Press is making cannot compare to its print advertisement revenues.
This poses financial troubles for the Pulitzer Prize-winning newspaper. The whole newspaper industry is experiencing the shift from consumer news consumption to free online and mobile sources.
According to the Reuters, 43 percent of Americans said that online sources are their main source of news. Television trails behind at 40 percent, although it has long been the Americans’ biggest news source.
Print newspapers are struggling, falling around three percent from 2013 to 2014. Furthermore, more than 70 percent of magazines in the United States have lost subscribers. For instance, the Pew Research Center indicated that Time only sold a little over an average of 60,000 copies of each edition in 2014. It sold almost 117,000 copies per edition in 2008. The same study also reported that half of the online news magazines included in the survey received more visits via mobile devices than desktops.
“We see the smartphone more clearly as the defining device for digital news with a disruptive impact on consumption, formats, and business models,” said Nic Newman, a research associate from Reuters Institute.
Digital news apps
That is the reason why there are now apps that take advantage of the growing online and mobile news trend. One example is the site TAPinto.net. The site acknowledges that online news is booming and readers are shifting to mobile platforms.
“Here at TAPinto, our unique model of franchising local news enables us to be able to provide original hyperlocal news content for our growing readership that now tops 3.8 million,” said Mike Shapiro, founder of the site.
Why being a silver entrepreneur makes a good decision post-retirement
NBA players increasingly use platform to voice stance on national issues
Scientific study finds digital games like Minecraft as educational as off-screen play
Miami Yacht Show announces relocation for 31st event next year
Study says happiness in wealth higher among those who rightfully earned it
Cannabis acceptance grows as hemp industry leader PotNetwork Holding breaks CBD sales records
This fast-growing organic products stock already has space on Whole Foods’ shelves
Why Vapor Group Inc. might be the breakout penny stock you’ve been looking for in 2018
The CBD industry is enjoying a boost from the lifestyle sector
When you should consult your financial advisor
Promoting women’s football in Malta by UEFA projects
Euro NCAP marks its 20th anniversary with two crash tests
European Parliament’s International Trade Committee backs CETA
The American Heart Association has released four new PSAs
PwC presents 20th global CEO survey results in Switzerland
Crypto2 days ago
Could Global Blockchain Technologies change the way we invest in cryptocurrency?
Crypto2 days ago
One of America’s oldest gold mines enters the crypto-century
Featured3 days ago
CBD stocks emerge strong in the growing cannabis industry, marijuana legalization
Featured2 days ago
This hemp market player’s growth is about to go into overdrive
Featured3 days ago
The gig economy has matured — when will the business world catch up?
Business5 days ago
Disney announces price hikes for Disneyland tickets in the US
Business4 days ago
Delving deeper into the Internet of Things
Economy5 days ago
Economics, science, and religion: What role do humans play?