What are the Problems Facing the Newspaper Industry Today?. A newspaper is one of the media used by most people. However, some people believe that the newspaper will go extinct. It is because they think that the newspaper industry gets the problem facing relating to the newspaper. There are newspaper industry problems you should know. Knowing it will give you the knowledge relating to how the industry faces the problem. Here is the information you should understand.
How is the Newspaper Revenue in the Future?
I believe that some of you will be curious about relating to the newspaper revenue. According to the analysis, newspaper companies or industries get drop revenues in 2016. In 2017, newspaper revenue got USD 16,5 billion and it dropped to 2016 up to 10%. However, according to the New York Times in the 2017 annual report, the total revenues have increased by up to 7,7% to 1,7% billion compared to 2016.
The reason is the industry facing the newspaper industry problems through advertisements. Using advertisements gives the industry or company increased revenue. However, the advertisement helps the newspaper industry get 33% of the total number of newspaper revenue. However, not all newspaper industries also get that revenue from the advertisement. Some of the newspaper companies also still face the problem even though they already used advertisements.
The Problem Faced By The Newspaper Industry
There are several problems faced by the newspaper industry. The problems make the newspaper industry less profit and get drop revenue. For decreasing the problems, you should understand what the problems are facing them. Those problems include;
The first newspaper industry problems are an online publication. Today some of the readers like choosing online publications or online information rather than printed paper like a newspaper. Because of that, the newspaper industry has to understand and know what are the best solutions to decrease the problem. People love to use it because they think that choosing online information is easier rather than choosing printed paper.
The next is quality content. Most of the readers think that the quality of online paper or digital information is still qualified rather than a newspaper. The reader can easily choose their interest information quickly. However, digital paper or information is not 100% trusted. It is because people can write every information there without any editor. That is why you need to understand it.
The last newspaper industry problems are competition. As you know that competition is the general problem that will be faced by most of the industries. One of which is the newspaper industry. There is a competition that has to be faced in this industry. For example, the competition by digital media social that serves the information online. Today, you can find the easiest information online but not all the information is trusted. That is why you need to choose a newspaper to get trusted information.
Those are the information you should understand relating to the problems facing the newspaper industry. Make sure you understand it to get the information and know-how to solve this problem. Thus, you can get the best ways to do it.