[...] shrinking readership and plummeting ad lineage has afflicted a great deal more than the three main newsmagazines. Since 2004, the market value of American newspapers has fallen by 42 per cent - a sum of $23 billion. According to Alan D. Mutter, a veteran media executive who keeps track of news-gathering companies, "Wall Street's vigorous repudiation of newspaper stocks reflects a deep, and arguably growing, concern that publishers don't know how to arrest three years of mounting declines in audience, sales and profitability."
CultureWatching The Press and the
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