Simply delivering printed papers to the shops — or having customers come in to buy them — has become a challenge, worsening a years-long decline in sales and advertising revenue.
“Times are hard. There are no advertisers and no-one is reading us,” PPI executive director Ariel Sebellino told AFP. Between 2005 and 2018, some 250 local papers closed across Britain, while today one in three journalists’ jobs are believed to be under threat.The picture is similar in the US, where dozens of papers have closed or merged with local competitors since the crisis.
Unable to count on funding from advertisers, some have paused publication, including Metro or Destak in Brazil or France’s 20 Minutes. Despite efforts like cutting their size to save paper or investing in the web over the past 30 years, few papers have found the winning formula to make money from 21st-Century journalism.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Daily Trust - 🏆 13. / 51 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: channelstv - 🏆 7. / 63 Read more »
Source: channelstv - 🏆 7. / 63 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: TheNationNews - 🏆 6. / 69 Read more »