New York Times To Stop Print Edition
In these times of online revolution, printed newspapers need to adopt cost cutting measures to stay in the competition | By Yentha
On Sep 10, 2010
| Kowdiar, Trivandrum: The New York times may soon inherit the fate of the Oxford Dictionary - both may go out of print in the foreseeable future. Arthur Sulzberger Jr., publisher of the New York Times, announced in a conference in London that eventually the print edition of the leading newspaper will cease to exist, reported The Huffington Post. The decision is in the wake of piling losses accumulated by the company, which is hard pressed for revenues. The Huffington Post estimates that NYT has revenues to the tune of $150 million, as against expenses of $200 million. Sulzberger predicted a brief outlook for the print edition of the paper and announced that sooner or later, the print edition will come to a pause. No dates have been decided as such. The early demise of New York Times’ print edition is a severe blow to the print-media, which is ailing. With the number of newspaper readers on steady decline, readers are adopting the new media for news. Microblogging websites and online news portals are increasingly being adopted as the trusted source of news and information, at least in the west. “Nothing can ever replace the printed newspaper,” says Seetha Jayakumar, Copy Team Head, Stark Communications Pvt. Ltd., Trivandrum. When asked what would be her response if the mainline dailies like The Hindu or The New Indian Express announce to stop the print edition, she said: “It will be like losing a daily companion. The online news portals are doing a good job. However, what I associate with a printed-paper is not just the information but also the warmth of holding something physical in your hands, the touch and feel of a printed newspaper. It’s a part of my daily routine that I’ll lose if the printed news papers go out of vogue.” |
Image Courtesy: Micora@Flickr.com
Joe Scaria, Special Correspondent, Economic Times says: “Once we had horse-drawn carriages, but now it is a quaint memory. Similarly, we will tell our grandchildren that once we had newspapers. Digital news will become the order of the day. The readers of the print edition are above 40 years of age. Young readers prefer the digital version. Advertisers target young readers. The subscribers of the print edition will die out eventually, and newspapers will cease to exist."
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