International Law

US newspapers turn 225

USA Today writes that the death of newspapers is premature:

"The report of my death is an exaggeration."

Mark Twain to the New York Journal, 1897

The first daily newspaper in the USA was born 225 years ago next week. The triweekly Pennsylvania Evening Post in Philadelphia became a daily on May 30, 1783.

Since then, most cities or small towns across the USA have had their own daily or weekly newspaper. Currently, 1,422 dailies and 6,253 weeklies are being published.

Sure, the slumping economy has made times a little tough for them. But most still have profit margins well above most other businesses.

Exaggerated "obits," à la Mark Twain's, are being peddled mostly by newspapers themselves. When semiannual circulation figures were released recently, newspapers headlined slight losses among eight of the Top 10. But little or no attention was given papers that are growing. Examples:

* USA TODAY, the nation's largest, increased to 2,284,219 daily circulation. It has shown gains every year in its 25-year history.

* The No. 2 Wall Street Journal gained to 2,069,463. Under new owner/boss Rupert Murdoch, it's the most improved newspaper in the country and likely to show significant sharp future increases.

* A dozen other newspapers with circulations of 50,000 or more had gains ranging from 1.21% to 7.61%, including in Baton Rouge, Cincinnati, Mobile, Ala., Munster, Ind., San Jose, Calif., Seattle and Trenton, N.J.

Importantly, newspaper owners and editors have embraced the Internet and now are 24/7 providers of news, information, entertainment and advertising. The hunger for all that is greater than ever in history. That's why newspaper-oriented media companies have a bright future.

So, if you're a news junkie, you'll probably continue to get everything you've been getting from your newspaper. And more.

Read more here.

Full post as published by Freedom to Differ on May 29, 2008 (boomark / email).