The Future of Print

UK: Half of nation’s local and regional papers will be lost within five years, according to Enders Media – Editors Weblog

Posted in Doom by futureofprint on June 17, 2009

The launch of a cross-party select committee’s investigation into the future of newspapers in the UK today was overshadowed by the ominous prediction that half of the nation’s local and regional papers will be lost within the next five years.

The predictions are based on research conducted by the media analysts, Enders Media. Its founder, Claire Enders, voiced her concerns in front of the Culture, Media and Sport select committee this morning:

“We are expecting that up to half of all the 1,300 titles will close in the next five years.”

“Many titles are loss-making and are being sustained by the good graces of their owners. That may not last.”

According to research, there will be a 52 per cent decline in regional newspaper advertising revenue in the period 2007 to 2013. This represents a loss of 1.3 billion pounds a year lost in advertising revenue. Circulation looks set to decline by 8 per cent in the same period. Local community papers are deemed to be greatest at risk. The gloomy picture was not relieved by any flashes of what would be seen as false optimism; according to Enders the reduction of newsroom staff is inevitable and probably not financially restorative in the long term.

Via EditorsWeblog

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