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Spiral Arm News

Friday, May 22, 2009

The decline of the news business

News facts:
  • "In 2008, for the first time, more people said they got their national and international news from the internet than from newspapers" (The Economist leader on the news business, 14 May 2009).
  • "...the share of 18- to 24-year-olds who got no news at all the previous day has risen from 25% to 34% in the past ten years." (ibid.)

The Economist goes on to describe the "conventional news package" of local, national, international news, sports, weather etc and how it is being undermined by wholesalers such as Yahoo and Google News, or by news "boutiques" which aggregate news and commentary.

The future of news is continued in a longer Economist briefing (also 14 May 2009).