EIGHTH YEAR OF DECLINES
The last time the newspaper industry was able to show
a year-to-year increase in print advertising revenue
was in 2005, and once again, when the Newspaper
Association of America issued its revenue report for
2013, the numbers were grim.
In a carefully-worded press release, the NAA said the
newspaper industry’s business model was “evolving,” and
highlighted that circulation revenue recorded the second
consecutive year of growth, rising 3.7%
to $10.87 billion. But the growth in
circulation revenue is primarily coming
from erection of digital paywalls which
Media Life magazine notes are designed
to “help offset some of the steep declines
in print advertising that have been seen
over the years.” Media Life says about
500 of the roughly 1400 remaining
daily papers in the country now have
paywalls in operation, and digital-only
subscriptions grew by 47% last year.