All the traditional Rah, Rah, we're wonderful and going to be better associated with a change in top management. Foolishness. Newspapers won't disappear, but their circulation will continue to decrease, no matter how 'good' they think they are. People will continue migrating to electronic delivery of what is now printed newspaper content. The reasons are simple and should be obvious: limited time in a person's day for all media types; and the not real time nature of newspapers whose distribution is clunky at best.
The real issue for the media and consumers is how will the cost of first rate news gathering be funded? It's an expensive endeavor.
"The paper also took huge hits in circulation over the past two reporting periods. For the six months ending September 2004, daily circ slid 5.5% and Sunday dropped 6.3%. For the latest period, ending March 2005, daily copies decreased 6.4% and Sunday fell 7.9%. Total advertising revenue for the paper rose less than 1% in the second quarter of 2005."
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