What Strategies Are Available to the Newspaper Industry for Dealing

Question

Examlex · Accepted Answer

The Answer is 1) Maintain a leadership stance
The newspaper industry could try to push through this decline with the hopes that eventually people will come back to the hard copy print. They could also hope for other newspapers to exit and therefore have less competition.
2) Pursue a niche strategy
Newspapers could focus on one particular niche or market and gear the entire paper to that market. By zeroing in on one area they may be able to remain afloat.
3) Harvest Profits
The newspaper industry could attempt to squeeze as much profit from its industry by drastically reducing its cost. GIVE US AN EXAMPLES - IE DOWNSIZE, RFEDUCE PRINT RUNS, FIRE SOME STAFF…..
4) Exit Early
BUSINESSES IN THE newspaper industry could sell off THEIR assets and exit the industry recouping as much money as possible.
5) Consolidate
Newspaper could consolidate and have one newspaper for a much larger geographic area. By consolidating the industry would stand a better chance of surviving this decline.

What Strategies Are Available to the Newspaper Industry for Dealing

Definitions: