Show Hide image

Don't write obituary of newspapers yet, says OECD

Newspapers in the developing countries such as Brazil, India and China are actually gaining readersh

The Organisation for Economic Co-operation and Development (OECD) issued a report on Monday saying that the news of the early death of newspapers may be unwarranted.

It discovered that the newspaper industry as a whole is finding new sources of revenues in the face of declining advertising and readership and the onslaught to their traditional business models from the Internet.

The Paris-based think-tank said that Canadian and the US newspapers will be among the biggest losers out of the major western industrialized countries due to the recession. It suggested they take a few tips from their European counterparts on weathering the ongoing crisis in the print media.

According to the report, while the US newspaper publishing market declined 30 per cent from 2007 to 2009, that in Germany and Austria declined by only nine and two per cent, respectively.

The report said the current country-by-country and title-by-title data does not point to the death of newspapers anytime soon.

However, the report also found that young people are not reading conventional news anymore. It said an absence of business and revenue sharing models remain a concern to the supply of high quality journalism in the long term.