I See by the Papers...

It pains to write this, but the coronavirus probably will be an extinction level event for most print newspapers. This is not a shocking new development; the Nieman Journalism Lab started the death watch even before the National Emergency was declared. Go back to the 2008-2009 recession and find pundits were warning that print was unlikely to survive another economic downturn - newspapers were like a flotilla of Titanics all drifting towards the iceberg zones. And so here we are today; sans charitable bailouts from billionaires or megacorps, lots of ships are soon to sink together into the cold sea.

This is not the place to go into all the reasons why this is happening, but some are well hashed over: Printing presses can keep rolling only so long without advertisers to pay for the paper and ink. Too many newspapers were being run by the MBA-types who saw journalism as little different from selling soup - if the demand slacks off, keep the profits high via cutbacks. Many were even taken over by hedge funds and investors who saw them only as cash cows to be milked dry; a must-read is a 2018 article, "This Is How a Newspaper Dies" (the term "harvesting market position" will definitely be on the quiz).

The deeper problem for newspapers is that nobody's reading them. U.S. circulation is the lowest it's ever been since they began keeping records in 1940. Why is that? It's not like we've become a sub-literate society; Americans are typically spending over six hours a day online and not all of it is looking at cat videos. And particularly now in the spring of 2020 we're news-junkies, with 89% of U.S. adults following the latest about coronavirus closely - only not via newspapers. We've given up on newspapers, but as I've said for over 25 years: Readers did not give up on newspapers until newspapers abandoned their readers.



The rest of this article can be read at the SantaRosaHistory.com website. Because of recurring problems with the Blogger platform, I am no longer wasting my time formatting and posting complete articles here. I will continue to create stubs for the sake of continuity, but will be publishing full articles only at SantaRosaHistory.com.

- Jeff Elliott