Analysts anticipate that newspapers may shrink the size of daily editions, reduce the number of print editions or stop printing altogether. Other ideas being floated include asking foundations to subsidize coverage of the coronavirus crisis or offering employees extended unpaid time off.
Few local and regional newspapers have attracted enough digital subscriptions to make up for the print subscriptions they've shed. Even when online readership shoots up during major news events, digital advertising has not filled the coffers the way print ads did. He recalls how, during World War II, the New York Times refused to cut back on its news coverage only to reap the benefits in reader loyalty and public goodwill after the war ended.
Donations rolled in, too, along with notes of appreciation. Portland Mercury publisher Rob Thompson says nearly 1,900 readers so far have chipped in anywhere from $5 to several hundred dollars apiece. Nancy Lane, CEO of the Local Media Association, which represents a broad range of newspapers, digital publishers and broadcasters, says"it's devastating given the state of industry to have this hit right now."
Wouldn’t that be lovely !!
Oh, so sad 😂
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Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »