Newspapers’ $20 Billion Shortfall

A new report says that US newspaper groups could face a US$20 billion shortfall in the next five years as readers and advertisers shift to the web.

“The report says growth in newspaper groups’ online ad earnings will not be fast enough to replace lost print ad revenue, and warns that they will need to generate new top-line growth and negotiate better revenue-producing agreements with Google et al in order to transform themselves in time.”

Web 2.0 Newspapers offers further commentary and links galore.

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