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The other commenter mentioned classifieds, but newspaper's main business changed with Online. Before they were natural land monopolies with only one (or a few)
by JamesLeonis 9y ago
The other commenter mentioned classifieds, but newspaper's main business changed with Online. Before they were natural land monopolies with only one (or a few) outlets. Most people in the region received their news this way. In the last 20 years, both cable TV and online news have replaced many people's sources, which turned into declining paper revenues. When the newspaper tried moving online, it's land monopoly was gone and people had far more choice in news. This decimated their advertising department. FB and others added fuel to this fire.
So the trifecta is as follows:
* Declining physical paper subscriptions
* Loss of classified ads
* Diminished revenues from loss of advertising and land monopoly
By these powers combined most newspapers are being decimated.