ndm article

http://www.theguardian.com/media/2014/nov/21/future-publishing-cuts-400-jobs

Future Publishing cuts more than 400 jobs as part of restructure



This article is about how the print industry has come to a decline and the digital advertising in the UK represents more than half of advertising revenue.

• 20% decline in revenues, from £82.6m to £66m, as print sales and advertising continued to decline steeply.
• Print revenues declined by 26% from £52.2m to £38.7m, while digital and diversified revenues fell slightly from £30.4m to £27.3m.
• Digital advertising as its UK operation represents 63% of total UK ad revenue.
• Future said it was entering 2015 with a “leaner, simpler business with a strategy that focuses on core competencies of content” concentrating on five areas: technology, games and film, music, photography and creative.
• Future, publisher of a portfolio of websites and magazines including T3, Gizmodo and Total Film, reported a £35.4m pre-tax loss in the year to the end of September.

In my opinion the print industry is in decline and more and more consumers are using the internet and looking at online content as it is free to access news, quicker and easier. There more jobs should be created in the new and digital media side of things rather than old journalism for newspapers.