Confirming Wall Street's Misgivings About Newspapers

Photograph by Matthew Staver/Bloomberg

Those who obsess over the fate of newspapers have something new to validate their worst fears. The Pew Research Center’s Project for Excellence in Journalism released the results today of a survey of 38 newspaper executives around the country, who were asked about the industry’s halting transition from print to digital advertising sales. The most unsettling statistic: Pew reports that, on average, for every $1 these newspapers gained in digital ad revenue, they lost $7 on the print side.

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