
Click to Enlarge.
The explosive growth of digital media and technology continues to have a ruinous impact on print publishing industry revenues, the US Census Bureau said today. The latest Census Bureau Service Annual Survey (SAS) enumerates the financial blows these industries experienced between 2002 and 2020. (Read AutoInformed.com: U.S. Newspapers Continue to Decline in Readership, Employment, Revenue; Newspapers Dying as Technology Companies Grow?)
Estimated Newspaper Publishing revenue dropped by -52% to $22.1 billion. Estimated revenue for Periodical Publishing, which includes magazines, medical and scientific journals, religious and scholastic magazines and other specialty publications fell by -40.5%. Video Tape and Disc Rental revenue decreased by -88.5%.
Total estimated weekday circulation of U.S. daily newspapers was 55.8 million in 2000 and dropped to 24.2 million by 2020, according to Editor & Publisher and the Pew Research Center. As circulation slid so did revenue: Newspaper Publishing revenue in 2020 was less than half what it was in 2002, dropping from $46.2 billion to $22.1 billion, according to the Census SAS. There was a -27.8% decrease in revenue from 2002 to 2010, and a -33.6% decrease from 2010 to 2020.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Digital Media Decimating Print Publishing Revenues
Click to Enlarge.
The explosive growth of digital media and technology continues to have a ruinous impact on print publishing industry revenues, the US Census Bureau said today. The latest Census Bureau Service Annual Survey (SAS) enumerates the financial blows these industries experienced between 2002 and 2020. (Read AutoInformed.com: U.S. Newspapers Continue to Decline in Readership, Employment, Revenue; Newspapers Dying as Technology Companies Grow?)
Estimated Newspaper Publishing revenue dropped by -52% to $22.1 billion. Estimated revenue for Periodical Publishing, which includes magazines, medical and scientific journals, religious and scholastic magazines and other specialty publications fell by -40.5%. Video Tape and Disc Rental revenue decreased by -88.5%.
Total estimated weekday circulation of U.S. daily newspapers was 55.8 million in 2000 and dropped to 24.2 million by 2020, according to Editor & Publisher and the Pew Research Center. As circulation slid so did revenue: Newspaper Publishing revenue in 2020 was less than half what it was in 2002, dropping from $46.2 billion to $22.1 billion, according to the Census SAS. There was a -27.8% decrease in revenue from 2002 to 2010, and a -33.6% decrease from 2010 to 2020.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.