Cruel summer for newspapers: Publishers see their businesses circling the drain

The Internet is pilfering readers and advertisers from print. There’s a growing army of startups and platforms to which more and more people are flocking for their headlines. Announcements of layoffs and newspaper closures are so regular they strain the standard of newsworthiness.

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This may sound like the same old story, but there’s a reason you may be getting the nagging feeling that lately, the storm clouds are getting darker. New York Times CEO Mark Thompson neatly summed up the current mood in a “Game of Thrones”-inspired essay in last week’s 2016 Digital News Report from the Reuters Institute: “Winter really is coming for many of the world’s news publishers.”

The past few weeks alone have produced no fewer than five studies broadcasting bleak statistics and ominous outlooks for newspapers, with some rays of light about the industry’s march toward innovation mixed in.

One of these, The Pew Research Center’s 2016 State of the News Media report, declared that U.S. newspapers had just seen their “worst year since the recession and its immediate aftermath.”

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