Tag Archives: predictions

The Independent: Regional press challenging bad forecasts

The Independent has an interesting article by Ian Burrell this morning comparing the current situation for local media – in terms of production levels, revenues and staff – with previous predictions.

The overall picture it paints is that the regional press, despite facing predictions that half of the industry would be closed down by 2013, is proving forecasters wrong.

A year or so later, the picture is somewhat different. Whereas 60 local newspapers did close during 2009, only eight have gone to the wall in 2010. The UK’s local press isn’t quite ready to draft its own obituary.

Early on Burrell discusses the impact of the American press situation on encouraging the bleak outlooks for British media, but adds that action taken by the press such as the increasing use of hyperlocal sites has helped it survive.

The earlier predictions of Armageddon were influenced by events in America, where the regional press has suffered badly. The closure in February last year of the 150-year-old Rocky Mountain News in Denver caused great alarm, as did the demise the following month of the Seattle Post-Intelligencer, which moved to online-only production after 146 years in print. The company that owns the Chicago Tribune and Los Angeles Times filed for bankruptcy. But the New York Times reported recently that hedge fund “vulture” investors are circling newspaper businesses in anticipation that the worst days are over.

But the article also raises the question of how you should measure the pulse of the local newspaper industry. Therefore as well as looking at the number of titles (and money) still being made, Burrell asks what the wider impact on the journalists within these newsrooms is?

Barry Fitzpatrick, head of publishing at the National Union of Journalists, says not. “Most of our journalists are working multi-platform and they are working long hours to deadlines that are increasingly difficult to meet. I’m fearful of what the long term effect will be on journalism itself and on the health of a lot of people that are trying to earn a living as journalists.”

See the full article here…