Posts tagged with: State Of The News Media
March 15, 2010
New Pew Report: State of the News Media 2010
How bad was 2009 for the mainstream news business? The State of the News Media 2010 report just published by the Pew Research Center’s Project for Excellence in Journalism paints a generally bleak picture…
- Newspapers now spend $1.6 billion less annually on reporting and editing than they did a decade ago.
- Network and local TV news operations saw sharp drops in revenues, viewership, and jobs. Cable news was the sole commercial news sector that did not suffer declining revenue and layoffs in 2009.
- Magazine ad pages sold across all titles fell by 26% in 2009.
However, there are some bright spots. Nonprofit funding for new media ventures since 2006 totals about $141 million, according to a J-Lab estimate. And this figure does not include many ventures that operate without grants or that come from legacy media. Also, new revenue streams (such as mobile advertising) are steadily growing—even though so far they represent only a small piece of the news revenue pie.
This report does seem to gauge the emerging economics, dynamics, and practices of the news ecosystem against benchmarks from the heyday of the mainstream news industry. This approach can make it harder to spot today’s opportunities. Still, this is valuable information that’s worth reading.
Meanwhile, a new Pew Internet & American Life Project poll found that news organizations face very grim prospects to convince consumers to pay for online news.
By Amy Gahran, 03/15/10 at 10:14 am
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