UK Could Lose Half Its Papers In Half A Decade

An analyst warned the British Parliament today that up to half of the United Kingdom’s local and regional newspapers—that’s 650 titles—could close in the next five years as revenues continue to plummet, the Guardian reports.

The Guardian writes: Claire Enders, the chief executive of Enders Analysis, told a Commons committee that newspapers would close across Britain because revenues would collapse by 52% – or £1.3bn – between 2007 and 2013.”

The analyst also managed to put a dollar, er, pound figure on the value of a reader. A print reader is worth £100 a year, apparently–compared to the £2 per year that an online reader is worth.

60 papers closed in the UK in just the past year.