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Impact of television and Internet

By the late 1990s, the availability of news via 24-hour television channels and then the availability of online journalism posed an ongoing challenge to the business model of most newspapers in developed countries. Paid circulation has declined, while advertising revenue—which makes up the bulk of most newspapers' income—has been shifting from print to the new media (social media websites and news websites), resulting in a general decline in print newspapers' revenues and profits. Many newspapers around the world launched online editions in the 2000s, in an attempt to follow or stay ahead of their audience. One of the big challenges is that a number of online news websites, such as Google news, are free to access. Some online news sites are free, and rely on online advertising; other online news sites have a paywall and require paid subscription for access. However, in the non-developed countries, cheaper printing and distribution, increased literacy, the growing middle class and other factors have more than compensated for the emergence of electronic media and newspapers continue to grow.
On 10 April 1995, The American Reporter became the first daily Internet-based newspaper, with its own paid reporters around the world and all-original content. The editor-in-chief and founder is Joe Shea. The site is owned by 400 journalists. The future of newspapers in countries with high levels of Internet access has been widely debated as the industry has faced down soaring newsprint prices, slumping ad sales, the loss of much classified advertising to Craigslist, eBay and other websites, and precipitous drops in circulation. In the late 1990s the number of newspapers slated for closure, bankruptcy or severe cutbacks has risen—especially in the United States, where the industry has shed a fifth of its journalists since 2001. Revenue has plunged while competition from internet media has squeezed older print publishers.
The debate has become more urgent lately, as the 2008-2009 recession shaved newspapers' profits, and as once-explosive growth in newspaper web revenues has leveled off, forestalling what the industry hoped would become an important source of revenue. At issue is whether the newspaper industry faces a cyclical trough (or dip), or whether new technology has rendered print newspapers obsolete, at least in their traditional paper format. As of 2017, an increasing percentage of Millennials (young adults) get their news from social media websites such as Facebook. In the 2010s, many traditional newspapers have begun offering "digital editions", which can be accessed via desktop computer, laptops, and mobile devices such as tablet computers and smartphones. Online newspapers may offer new advertising opportunities to newspaper companies, as online advertising enables much more precise targeting of ads; with an online newspaper, for example, different readers, such as Baby boomers and Millennials can be sent different advertisements.

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