It’s no secret that print media is drastically losing
readers and therefore the problem whether print media will be taken away from
us soon is a current highly debated question. Comparing print media and the
internet it’s clear that the internet has taken over and is gaining more and
more followers every day. Like people tend to read books on their e-readers or smartphones,
they prefer to read articles or the news online instead of buying actual
newspaper or magazines.
Is there a solution for financing print media?
Print media is financed mostly by advertisement and
subscriptions. Since advertising agencies prefer to spend their money on ads
online the print media has to find a strategy to sell more and get the
advertisers back on their side. If the advertisers cannot be convinced to keep
on finance print media, the government might be able to help. With subsidies
from the government print media can probably survive.
An additional idea might be to try to attract readers with
certain offers. I’ve actually seen a couple of offers at the airport while
traveling. For example buy a certain newspaper and get a water for free with
it. Another common problem is the quality of the writing, or rather the degree
of truth. People tend to question the degree of truth and thus are not willing
to spend money on certain tabloids or newspaper. Business magazines might be
able to stay alive longer since the status of these readers is usually higher and
they are willing to spend money.
The bottom line of it all is this; print media needs
external help to survive in our ever changing modern technical world.