Print Industry to worsen before any improvements

Hello there!  We your Accessibility team at are pleased and delighted to be with you today.

Today, we have chosen to share an article with you that is going to give you an insight into how things are going for the print industry these days.
We’d like for you to take a few minutes to read it and give us your thoughts.
We thank you for your feedback and wish you a great day.
Your Accessibility team
Print industry to worsen before any improvements:  experts
Tuesday, March 3, 2009 | 4:24 PM ET
Declining North American newspaper readership and ad revenues are not a new
phenomenon, but the economic downturn has dealt an additional blow to the
already-struggling industry – and there’s more dire news likely to come,
according to print industry leaders.
“There’s no mystery: they’re dying,” Gary Kamiya, co-founder, former
executive editor and writer-at-large of, said in a discussion on
CBC Radio’s Q on Tuesday.
‘”The death of newspapers means the death of reporting. There’s been no
business model that’s been created so far that allows reporting online to be
sustainable in a financial way.’-Gary Kamiya, co-founder
Amid the ongoing job losses reported in countless employment sectors, there
have been an increasing number of media layoffs, plunging profit revelations
and newspaper closures affecting outlets in Canada and the U.S.
South of the border, examples include the Christian Science Monitor ending
its print edition, the Washington Post announcing that its fourth-quarter
profit plunged 77 per cent, more than 30 U.S. dailies seeking Chapter 11
bankruptcy protection since January, plus the closure of Denver’s Rocky
Mountain News.
Meanwhile, in Canada, job cuts have affected media giants Torstar, Canwest,
Sun Media, CTVglobemedia, Transcontinental and independents like the
Chronicle Herald in Halifax.
“The death of newspapers means the death of reporting. There’s been no
business model that’s been created so far that allows reporting online to be
sustainable in a financial way,” Kamiya said from San Francisco.
Toronto Star publisher John Cruickshank, former publisher of CBC News,
pointed to the large debt carried by many U.S. newspaper firms, as well as
Canadian media company Canwest, as a fundamental problem.
Need to create value in mix of media
With even the venerable New York Times struggling to make a profit, what
every print outlet is racing toward is “how we can find a new mix of news on
several different media and to create a model there,” said Cruickshank,
speaking from Q ‘s Toronto studio.
While the print industry might have to face producing newspapers for a
smaller market, companies must also create online products that people will
value, read and pay for, he said.
Despite sites like and having “millions of unique viewers
each month,” he agreed with Kamiya that news outlets still haven’t figured
out how to be profitable “on the ‘net, yet.”
Subsidizing newspapers is one option, though Kamiya pointed out that to
sustain the current operations of the New York Times, it’s estimated that
the paper would need an endowment of approximately $5 billion US.
While Cruickshank said he feels a publicly subsidized newspaper might work
because there are people willing to pay for investigative and conventional
reporting, he specified that the industry must also pay attention to the
audience’s changing definition of news.
“The issue, it seems to me, is not so much ‘Do people want newspapers?’ as
‘Do they want news?’ and ‘What’s the definition of the news they want?’
That’s changed really remarkably over the last decade.”
Tough times ahead
“Newspapers are floundering desperately around and they’re searching for new
ways out [of the current crisis]. I don’t think they’ve found them yet,”
Kamiya said.
“[However,] the thought of the gallows concentrates the mind wonderfully and
I think you’re going to see a lot of changes in the newspaper industry. We
don’t know what they’ll be yet.”
Cruickshank predicted there will be more bad news before the eventual good.
“We’re gonna see fallout of the sort that we saw when television entered the
market and killed, what, about half the newspapers in North America,” he
“We’re living through a period of creative destruction. We did with the
advent of television and the end of afternoon newspapers, evening
newspapers,” Cruickshank said, adding however that, “There will be new forms
that evolve as a result and I think, ultimately, that people will be well
served by them.”
If you would like to learn more about us and the services we offer, then please visit
If you would like to keep abreast of some of the most important happenings affecting your lives today, then please visit  There you will get the latest news roundups on such topics as:
Stress, anxiety, and depression. News for retirees, seniors, and aging baby boomers.  Security tips for home computer users.  Home business opportunities, Internet business opportunities, small business opportunities, business opportunities in Asia.  You will also learn how to obtain tremendous personal and financial satisfaction by selling your knowledge and experience.

About Donna Jodhan

Donna Jodhan is an award winning blind author, advocate, sight loss coach, blogger, podcast commentator, and accessibility specialist.
This entry was posted in Uncategorized. Bookmark the permalink.