Newspapers
Abstrak
With the rise of social media and digital advertising, the newspaper industry was in decline in 2019, and Covid-19 accelerated the decline. Sadly, for newspapers that had not built a substantial online subscription base, severe cost cutting was not expected to offset the plunge in advertising revenue from small- and medium-sized enterprises whose revenues were reduced by social distancing. Without a significant infusion of additional capital, most traditional newspapers would not be able to accelerate their online subscriptions enough to become sustainable. Simply put, the fate of many newspapers depended on whether they could persuade private equity firms to acquire them: yet as we will see later in this chapter, exiting the industry in this way cost many jobs and transferred to the new owners the dwindling cash flows from an aging population of print newspaper subscribers. Absent transferring newspapers to private equity or other financial buyers, liquidation appeared to be a likely fate for many newspapers.
Penulis (1)
Peter S. Cohan
Akses Cepat
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Cek di sumber asli →- Tahun Terbit
- 2020
- Bahasa
- en
- Total Sitasi
- 41×
- Sumber Database
- Semantic Scholar
- DOI
- 10.1007/978-1-4842-6519-2_4
- Akses
- Open Access ✓