The U.S. newspaper industry, as well as the news industry as a whole, continues to face challenges that includes reorganization as circulation continues to decline and advertising revenue drops, according to the Pew Research Center.
In 2015, the newspaper sector had perhaps the worst year since the recession in 2008 and its immediate aftermath, Pew said in its report released Wednesday, as average weekday newspaper circulation — print and digital combined — fell another 7% in last year, the greatest decline since 2010.
While digital circulation rose slightly (2% for weekday), it accounted for only 22% of total circulation, and any digital subscription gains or traffic increases have still not translated into game-changing revenue solutions, Pew said. In 2015, total advertising revenue among publicly traded companies declined nearly 8%, including losses not just in print, but digital as well, it said.
Recently, The New York Times plans to reorganize its newsroom in order to make itself more nimble to a digital audience that is increasingly accessing their news through mobile devices. IBT Media, which operates the International Business Times, laid off some of its editorial staff in the past few months.