Pew State of the News Media: Rising New Media Can't Keep Up With Crumbling Old Media
The Pew Project for Excellence in Journalism today published its annual “State of the News Media” report, and a first glance at the report reveals some grim findings. Although new media appear to be flourishing, growth in citizen journalism and social networking currently lags behind deterioration in the major media industry.
Print publications are suffering tremendously. Revenue at newspaper organizations has declined 26% over the past year and 43% over the past three years. Magazine ad dollars have fallen 17% in the past year.
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