The end of Newspaper is coming “soon”

newspapers (Tehrān)

When is the Dooms Day, where’s the next tsunami, and more recently, when is the end of Newspapers. There are thousands of people who have tried to “predict” the end of newspaper, like psychics and fortune tellers, predictions are just estimations that don’t have enough back-up information. I’m not here to tell you when I think Newspaper industry will die, I am just combining the most logical reasons why I think the history of Newspaper will end soon.

Nothing can beat “free”

The major newspaper companies met last week outside of Chicago and tried to create an agreement so that all newspapers charge for content to cover their lost. What I don’t get is why people would  pay for something that they can get for free, what extra value can they bring? Two generations are used to/ born with free content, and people would not change all in a sudden just to keep the loosing newspaper businesses profitable.

Social Networks

Since the rise of Facebook, and many other different networks like Twitter. It’s hard not to keep ourselves updated on daily news. Instead of digging around to “get” news through different channels like TV and newspapers, news these days come to you. For example, if you are following the right tweets, you can easily finish your daily news reading in 10 minutes by going through people’s updates and see what they are talking about.  Social Networking is like being in a room 24/7 with the people who you have similar interest/ people who interest you, and these people deliver you news that interest you.

Blogs

Blogs are getting bigger and bigger in scale and they break news more often than ever (especially technology and entertainment content), you can get information as-it-happens, so why wait for the next day and pay for the Old News?

Eco-friendly trend

Digital solutions not only provide better/ same value as newspaper in content, but also cut the use of paper.

Most of all, financially

I don’t think I need to explain this in detail, online-ads revenue will eventually beat newspapers. Below is a map showing the number of Layoffs and buyouts at U.S. newspapers in 2009 from papercuts. Laying off employees is a short-term solution, it also lowers employee loyalty and workplace morale. A long term solution is to migrate resources into digital and act before competitors do.

newspaper_layoff

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A Little Something About Tim:

Tim Ho

I'm a Regional Digital Strategist at Ogilvy 360 Digital Influence APAC. I love web designing, data visualization, latin music, cooking, painting, inventing new drinks, and monkeys. Here is my main blog where I share social media news, ideas and insights. I also have a more personal blog called Tim Ho's Monkey!

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  • I think we still need newspaper, because not every people have online stuff.
  • However , I think newspaper is still alive in future 5 years...
    I have few reasons to support with this one.

    Firstly ,reading newspaper is a kind of "habit" for Hong Kong people. Although more people love to read online content , newspaper is still their first choice at the morning . The loyalty towards newspaper is very high.

    The largest age group of the readers , or what we called the consumer is not actively participate on the internet. They are most likely the age 30+ , which is still not familiar with internet, and of cause , they dun trust anything on internet.

    Thirdly, the authority or what we call the credibility of newspaper in Hong Kong is still in very high level.People living in Hong Kong tends to trust newspaper rather than any online media. Therefore, newspaper is still responsible for truth


    should have few more ...
    maybe tell you more later
  • True . And San Francisco will be the first city to live without newspaper
  • I agree with your critique of why the business model for newspapers is broken, but I do not see a corresponding rise in the quality of Blogs and social media. The apparent end of newspapers is a dangerous thing for democracy and open society.
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