07/26/2006 - Nearly every indicator now signals a threat to newspapers. From 1950 through 1999 newspaper revenue grew seven percent a year. From 2000 through 2006, by contrast, it has grown by just 0.5%. Then in the first quarter of 2006, growth was even less: 0.35%. And though online ad revenues continue to soar, they currently account for just five percent of all newspaper company revenue. In addition to sluggish ad growth, newspapers are challenged by circulation declines, a skeptical Wall Street, ownership changes -- such as Knight Ridder's recent sale of its 32 papers -- and perhaps most notably, adapting to the world of online news. In this, the third of the Pew Project for Excellence in Journalism roundtables on the future of the news media, six experts from inside the newspaper industry discuss its future, its fate, and the changes it must make to survive. The following are edited excerpts from the discussion.
Read the full transcript--State of the News Media 2006: Newspapers Roundtable.
Phil Meyer, Knight Chair in Journalism, School of Journalism and Mass Communication at the University of North Carolina.
John Carroll, editor of the Los Angeles Times from 2000 to 2005.
Rick Edmonds, Researcher and Writer for the Poynter Institute and co-author of the newspaper chapter for the State of the News Media Annual Report;
Paul Ginocchio, Media Analyst for Deutsche Bank. In 2005, Paul won a "Best on the Street" stock pricing award from the Wall Street Journal.
Lou Ureneck, Chairman of the Department of Journalism at Boston University. Before his academic career, Ureneck serves as the deputy managing editor for the Philadelphia Inquirer and spent 22 years at the Portland Press Herald.
Rick Rodriguez, Executive Editor and Senior Vice President of the Sacramento Bee, and in 2005-2006, President of the American Society of Newspaper Editors.