What Stage of the Lifecycle Is the Newspaper Industry In

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Examlex · Accepted Answer

The Answer is The newspaper industry is in the decline stage as sales have begun to fall and they are now losing a lot of money. The following typically causes the decline stage:
1) Changes in demographics
Most people under 60 are more likely to look for news through electronic devices. The number of people who still like to read the hard copy of a newspaper is dropping constantly.
2) Shifting consumer tastes and needs
A greater focus on environment is causing a shift away from hard copy print. By going "paperless" we are saving trees and doing our part to help out the environment.
3) Technological substitution
This is the main reason for the decline of the newspaper industry. As a result of technology the Internet is gradually replacing the newspapers. With Google and Yahoo people are able to find the news they are looking for free of charge. Sites like Kijiji and Craigslist are replacing classified ads in newspapers. We no longer look for coupons in newspapers because there are so many deals being offered through companies like Groupon. Not only are these sites taking the place of newspapers but also because of technology the news is far more accessible. We get Groupons in our email. We can access email on our smart phones as well as news and weather reports.

What Stage of the Lifecycle Is the Newspaper Industry In

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