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US Newspapers Seek Ways to Rewrite the Sad Story of Their Business

20 March 2009

This is IN THE NEWS in VOA Special English.

The Seattle Post-Intelligencer has become America's first major daily newspaper to publish online-only. Hearst, the company that owns it, printed the final newspaper on Tuesday. The Seattle P-I was one hundred forty-six years old -- the oldest daily newspaper in Washington state.

Employees of the Seattle P-I in early March before the newspaper became online-only
Seattle P-I employees in early March, before the newspaper became online-only
One hundred seventy people worked in the newsroom. Now just twenty journalists will work for seattlepi.com. The city is left with one major local daily, the Seattle Times. Some people think it could also go online-only.

Denver, Colorado, became a one-newspaper city a few weeks ago: the Rocky Mountain News closed. Other cities could soon follow.

Mike Simonton is a media analyst at Fitch Ratings. He believes many two-newspaper markets will not survive through the end of next year. By that time, he says, there could even be some markets with no printed local paper each day.

Newspaper companies like Hearst, he says, are experimenting with new business models to see what works. But he says any new product will have to be different enough that people will not be able to find it anywhere else.

Some newspaper companies have recently sought bankruptcy protection. These include the Tribune Company, owner of the Chicago Tribune and the Los Angeles Times, among others.

Newspapers earn most of their money from sales of advertising. But a lot of that market has moved to free or low-cost advertising on the Internet, including sites like Craigslist. Losses have only been intensified by the recession.

Ad sales have always gone up and down with the economy. But one difference this time is that many newspaper companies are heavily in debt from buying other newspapers.

Papers are cutting costs. Gannett, the nation's largest newspaper publisher, has cut more than one-fifth of its jobs in the past two years. More than eight thousand jobs have been lost.

In Detroit, Michigan, the two big dailies are reducing home delivery to three days a week. In Ohio, the state's largest papers still compete but now share stories.

Newspapers have lost millions of readers as a new generation has grown up. Yet much of the news that people get online still comes from newspapers. Most papers give it away free on their own sites. The Wall Street Journal is one of the few that charge for its online version.

Last month bloggers celebrated what they called a historic moment. President Obama, at his first major press conference, called on a reporter for a Web-only operation, the Huffington Post.

The United States Constitution guarantees freedom of speech and the press. But as budgets shrink, newspapers are printing fewer pages, less news. They have fewer reporters not just in foreign capitals, but even in Washington.

Industry observers say quality reporting is being lost. The question now is to what extent it will find a new home on the Internet.

And that's IN THE NEWS in VOA Special English, written by Brianna Blake. I'm Steve Ember.



Comments:

1. thanks

i love with voa english program. Thanks for all your kinds.
Submitted by: Taif shah Humdared (Afghanistan)
05-01-2009 - 13:11:49

2. Paper culture

We can read news easily in online news site, but paper is good too. It is because on internet, we search for only we need.On the other hand, on news paper, we can find many interested subjects. For example, I am japanese, so I can see Haiku or Tanka (Japanese poem) in news paper. So I hope publisher leave news paper culture.
Submitted by: Takuma Kaneko (Japan)
04-06-2009 - 13:24:16

3. great english

I love the VOA specilly English lessons thanks for assist
Submitted by: fareed (Afghanistan)
03-29-2009 - 10:26:15

4. Freedom of speech and the press

I think that freedom of speech and the press as a constitutional right will not be reduced 'cuz nobody forbid speaking and publishing news. That is the problem of publishing houses only which won't have enough money to keep their business productive, they are losing their profits!
Submitted by: Sergey (Russia)
03-25-2009 - 21:18:45

5. For the green planet!

I agreed with Tom Kiss about we will interest when read a news on paper than a laptop :). But I think we will have more if we use the internet for information. Because we can save our forest, reduce natural calamity in the world... Thanks for reading
Submitted by: Dan (Vietnam)
03-25-2009 - 14:09:03

6. Sad story of US Newspapers

Deep in side our hearts, we do feel sorry for the ill-fate and sad ending of those long lasting history famous journals. However, we can save big from wood and paper consumption in the hard time of global economic inflation and recession. Furthermore, it is also a good chance for our E-journals development! we do console ourselves like that and look forward to a brighter future of newspapers on internet! Thanks for reading! C U
Submitted by: TUYEN MINH (Vietnam)
03-23-2009 - 03:06:02

7. medical university

It is useful to read newspapers!
Submitted by: Huang Lingfei (China)
03-22-2009 - 12:06:49

8. Innovation

I think many people would be delighted to read hard-print quality papers if they did not have to struggle with the huge sheets making it up. Reducing the format would be a way of attracting many readers.
Submitted by: Liam (Spain)
03-22-2009 - 11:34:00

9. US newspapers disappearing

On line news from now on instead of reading newspapers seems to me somewhat ominous. We are entering an unknown territory and I wonder if this new development will help democracies survive. A long time ago I witness the disappearance of one of two major newspaper in Buffalo, N.Y. Each of them expressed the opinions of 2 an important segmentd of Buffalo population. After the closing of one of them, they were supposedly represented in the only paper that survived. I don't think they really were. The remaining paper became a wishy-washy media of information. There was no debate. Having spent most of my life in the US I did not realized that I became very effectively brainwashed by media who became the voice of one single view point on American society pounding into my head how great and democratic nation we were. Now, living in Europe I became aware to which degree I was under the influence of the corporation-dominated propaganda about the greatness of the nation which in fact as been goi
Submitted by: Richard Sokolowski (Poland)
03-22-2009 - 09:35:20

10. INTERNET IS THE NEW ORDER

Computer and Internet changed the commerce and the industry in several areas. Newspapers, music, video, a lot of entertainment we can get for free in the virtual world and use in the real world. I think another thing is changed and this is the material world. If we can get a lot of thing for free these things has no more value. Having something is not important but being something is very important. We are walking to a spiritual world I think.
Submitted by: FRANZ JOSEF HILDINGER (BRAZIL)
03-22-2009 - 01:44:37

11. Seattle Post-Intelligencer

On line news reporting my be a lot cheaper, but living in London, UK, I sure see that commuters, residents are adicted to reading the hard copy version of newspapers. You can't just fold a laptop, put it under your arm to withraw money from an ATM, or as a matter of fact a printed newspaper (internet) version doesn't require a battery aand can also be read on the train and handed over to others, implying that at least three people read one single copy in greater London, which is pumping out tons of newspapers on a daily basis. I personally enjoy opening the broadsheet papers over a cup of coffee/tea in the morning, noon or night and there is no problem with having to flick throough several open windows to retrieve the article I had forgotten to mark or download/print. the Seattle Post-Intelligencer may have chopped her workforce, but it could have perhaps done more to market its product, and use innovation to build a modern culture of newspaper reading and buying habits. In London whe
Submitted by: Tom Kiss (UK, Hungary, South Africa)
03-21-2009 - 12:15:41

12. Freedom of speech and press

It is to be feared that presskartells will be arisen, so the freedom of speech and press will be reduced! This is my opinion.
Submitted by: Szövetség Vácért (Hungary)
03-21-2009 - 09:16:11

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