Why Are Newspapers Declining?

The newspaper industry has been in steady decline triggered by a loss in readership and ad revenue which have been migrating to other media, most notably digital.

Why is there a decline in newspapers?

Print sales for the UK's biggest national newspapers slumped by as much as 39% last month, as the coronavirus lockdown shut high streets and kept the nation at home. The Financial Times and the i newspaper reported the biggest decline in circulation, down 39% and 38%, respectively.

Is print media declining?

The report forecasts that global newspaper advertising (print and online) will fall from $49.2bn in 2019 to $36bn in 2024, a decline of more than a quarter (27%) over five years. Global circulation and subscriber revenue is expected to fall from $58.7bn in 2019 to $50.4bn in 2024, the PWC report predicts.