No fake here: Newspapers stagger into the future

The Rocky Mountain News, a daily newspaper published in Denver, Colorado that had been in print since 1926, went out of business February 27, 2009. When cable TV and the internet made creating a news outlet cheaper, the business model for broad-based, unbiased journalism took a major beating./Matthew Staver/Bloomberg/Getty

By Nathan Bomey | USA TODAY

A new report by the Pew Research Center found that midsize newspapers were most likely to cut jobs last year.

But digital news outlets aren’t immune either. About 1 in 7 digital outlets also did layoffs.

Taken together, the results illustrate how the press is staggering as it continues its quest for financial sustainability in the digital age.

“Newspapers are continuing to be pummeled by layoffs,” said Elizabeth Grieco, senior writer and editor at the Pew Research Center and author of a statistical analysis on the study.

Faced with the loss of ad dollars to companies like Google and Facebook, many news companies have been gasping for air. Newspapers lost about 57% of their advertising and circulation revenue and about 49% of their weekday print circulation from 2000 to 2018, according to the Pew Research Center.

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