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Newsprint continues to decline and these FOUR companies are making all the money on the internet
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A Pew survey reveals that newsprint is dying and more people are turning to the internet and video for their news. Newspapers have lost 7 percent of their daily circulation over the past year alone.
LOS ANGELES, CA (California Network) - The 13th annual Pew Research State of the News Media Report has been released, and it reveals that newspapers remain in a sharp state of decline. Millions of Americans have no interest or use for the newspaper, and would not likely subscribe, even if it were free.
More people are turning online for their news and information, and they are watching videos on demand.
According to the survey, less than 5 percent of those who responded were getting their election news from newspapers.
Cable television viewing is up, possibly because of the election as people tune in to cable networks for debates and in depth coverage.
Here are other facts from the report:
Most of the money being made on the internet is going to five organizations, none of them news agencies. Facebook, Google, Yahoo and Twitter are enjoying most of the revenue. These are also the largest distribution networks for news.
Cable networks are doing better, especially with the return of political advertising.
Fewer people are watching network television on weekend nights, but more are watching Sunday morning television.
Mobile devices, tablets and smartphones, are now the primary way people consume media.
Ethnic media, especially Spanish language is growing. African American media continues to fall.
The bottom line of the report is that there is more news being reported in more outlets. It's more timely than ever before, but the quality is also much lower. The public must sift through a lot of information to get their news.
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