How gloomy are prospects for the print media industry? In the US, working as a newspaper reporter was recently ranked as the worst job in the country, behind dairy farmer, postman and lumberjack. Hundreds of newspapers have closed their doors in recent years, as advertising and readers shift to the internet and social media, where anyone can become a publisher and endless content of all shapes and sizes is available for free.
While many publishers in Thailand and Asia can still turn a profit, the downward trend remains in the West, even for the largest and most established publications.
Technology journalist David Rowan argues that publishers must accept the inevitable if they are to survive. A columnist and editor at The Times and The Guardian, Rowan is currently editor of the UK edition of Wired magazine and a prominent speaker on future trends. He spoke with Brunch on the state of the media industry following an address last week at the World Association of Newspapers and News Publishers conference in Bangkok.
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