Grim times for US newspapers

By Daily Maverick Legacy 27 October 2009

Average circulation for 379 daily newspapers was down 10.62% for the period  April-September this year compared to the same period in 2008. The total circulation was 30.39 million, down from 34 million according to the Audit Bureau of Circulations in the US. In a further blow, average circulation for 562 Sunday newspapers was down 7.49%. There are not many positive conclusions one can draw from these numbers. Industry experts predict a much worse future is not far away, when the majority of the surviving newspapers will reach tipping point with nothing but bankruptcies, closures and cutbacks in newsrooms across the US ahead of them. Among the winners, if there are any, is The Wall Street Journal, but on the losing side the leader is The San Francisco Chronicle, which lost more than 25% of its circulation (down to 251,782 copies) and is faced with the distinct possibility of closure, as the owners, Hearst Publishers, have already expressed their annoyance with the money-losing West Coast mainstay newspaper. Grim times, indeed.Read more: AFP, The New York Times

Gallery

While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.


#GUPTALEAKS

How the Guptas tore through red tape to hire Indian nationals illegally

By Jean le Roux for News24

Towns near Fukushima are now being plagued by hordes of rampaging radioactive wild boars. Where are Asterix and Obelix when you need them?