Subscriptions online and in print are not enough to make up for print advertising losses. Newspaper advertising this year will be an estimated £2.1 billion ($3.2 billion), around half its 2005 level. Mr Murdoch’s Times loses money in spite of its paywall. Regional newspapers, more reliant on classifieds, are in worse shape. In January there were 1,054 regional titles, down around 18% since 2008.
Read more at The Economist
