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By Catholic Online

7/9/2010 (4 years ago)

Catholic Online (www.catholic.org)

Many flock to Internet for latest news

The newspaper with a cup of coffee before the start of the work day is a longtime American institution that could soon be on the way out. Countless newspapers across the United States have closed their doors or have gone to online-only editions. This industry's decline in the 21st Century is the result of technological advances and changing reader demographics, which imply that the newspaper, printed on paper, and out-of-date upon arrival is headed the way of the dodo bird.

Many smaller newspapers have given up in the light of desktop technology and Internet ready information.

Many smaller newspapers have given up in the light of desktop technology and Internet ready information.

Highlights

By Catholic Online

Catholic Online (www.catholic.org)

7/9/2010 (4 years ago)

Published in Business & Economics


LOS ANGELES, CA (Catholic Online) - The statistics are sobering for any college student graduating with a degree in journalism. Between September 2008 and September 2009, the U.S. print sector lost more than 24,500 jobs, while the broadcast sector eliminated more than 8,300 positions. Journalism job losses peaked at 7,398 in December 2008. The layoffs for all journalists were really brutal from December 2008-March 2009.
Newspaper jobs appear to be in much worse shape than other areas of the media industry.

According to the Bureau of Labor statistics, the U.S. journalism industry lost jobs at the pace of almost three times more than the economy's average of the total, at a monthly rate of 22.23 percent and 8.1 percent, respectively. There have been 166 U.S. newspapers that have shut down or stopped putting out a print edition since 2008. There are two bright spots -- Online news jobs are growing rapidly and magazine sales are increasing at an exponential rate, which flies in the face of the U.S. becoming an Internet-tuned in, "post literate" society.

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