Print newspapers generate their revenue from advertising and circulation with advertising being the most dominant source of the two (Turow 2009, p.317). On average, 80 percent of daily newspaper’s revenue and 90 percent of weekly newspaper’s revenue is from advertising (Turow 2009, p.317). As advertising is what sustains all newspapers (Hirst & Harrison 2007, p.94), the newspaper industry is finding itself under increasing pressure to compete in the digital age. This pressure has been mostly due to the rise of online advertising. Online advertising has created a new source of competition for newspapers as they begin to see their “advertisers are following their target audiences to the Internet and taking money that traditionally has gone to newspapers and using it for online advertising” (Turow 2009, p.320). Advertisers are increasingly moving to online and in 2007, the top 100 advertisers in the United States, “who represent 41 percent of the total advertising spending, shifted about $1 billion […]
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