The Media Forecast: Doom, Doom, Death, More Doom, Doom, Lunch, Doom
The Media Forecast: Doom, Doom, Death, More Doom, Doom, Lunch, Doom
Wired EIC/blogger* Chris Anderson describes the basket o’ impending doom that is the modern media industry:
Music: sales last year were down 21% from their peak in 1999
Television: network TV’s audience share has fallen by a third since 1985
Radio: listenership is at a 27-year low
Newspapers: circulation peaked in 1987, and the decline is accelerating
Magazines: total circulation peaked in 2000 and is now back to 1994 levels (but a few premier titles are bucking the trend!)
Books: sales growth is lagging the economy as whole
But videogames, movies and the web: up! In short, bad year for useful sources of information; good year for mindless entertainment and the Internet.
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