Global Newspaper Industry Revenue Improves

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Yosepha Pusparisa 05/11/2019 19:15 WIB

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PricewaterhouseCoopers (PwC) predicts slower growth through 2023. This phenomenon is forcing the print media industry to seek new business models.

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Global Newspaper Industry Revenue Improves

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Global Newspaper Revenue

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Global newspaper publisher revenue has been negative since 2015. PricewaterhouseCoopers (PwC) research shows the largest decline occurred in 2017 at 4.4%. This year, PwC estimates the decline in newspaper publisher revenue will decrease to 2.9%.

This phenomenon is forcing newspaper and magazine publishers to consider new business models. A number of print media outlets have already begun transitioning and are seeing increased digital consumption across all regions.

Digital newspaper circulation is increasing; its annual revenue is still growing, albeit slowly. PwC research suggests one solution is a digital payment strategy, including memberships and donations.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."