Wednesday, October 19, 2011
Eye-opening chart on state of newspapers
In an Oct. 18 report on Internet trends, Kleiner Perkins partner Mary Meeker included a chart comparing U.S. newspaper print and online revenue with Google’s U.S. revenue.
Newspaper revenue is tumbling while Google sales are steadily climbing. Both get most of their revenue from advertising.
It does appear that Google is benefiting at the expense of newspapers. Maybe Washington Post journalist Bob Woodward was right when he said earlier this year that the tombstone of Google’s then-CEO Eric Schmidt should read: “I killed newspapers.” (See Poynter article.)
“Newspapers, once the bastions of content creation (and) curation, are experiencing (their) 5th straight year of declining revenue,” Meeker wrote.