3 ms·

That's... exactly the opposite of true. Newspaper industry profits peaked in 2004.

• danso 8y ago
  Depends how you look at it. Newspaper profits were at their highest in that period, but only because the industry had been ravished by radio and TV in the past decades. By 2004, it was extremely rare for a city (other than the very biggest) to have more than one newspaper. In past decades, most cities had multiple newspapers, including morning and afternoon papers. The newspapers that survived to be the only dog in town effectively had a monopoly in classified and print ads. That's why profit margins were so huge -- but there were far fewer players in the game.
• dragonwriter 8y ago
  A number of other measures of the health of the industry has been in decline since at least the mid-1980s and the subject of much media commentary; 2004 is just when the trend of consolidation and cost cutting (usually involving destroying local newsrooms as chains for bigger) that had been going on since, IIRC, the 1970s abd was the main thing blamed for that decline was no longer able to keep profit growth positive.