Industry Analysis & Industry Trends
The traditional revenue model of UK newspaper publishers has been torn up in recent years due to falling demand for print media and declines in advertising revenue. The transition from print to digital has been far from seamless and although the growth rates of digital revenue have been impressive, the digital business is still in its infancy. The industry includes businesses that produce articles for publication in print editions or electronic form, including on the internet. Industry revenue is expected to decline at a compound annual rate of 5.7% over the five years through 2014-15. In 2014-15, the industry is projected to generate revenue of £4.6 billion, a 4.9% decline on the previous year... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The rapidly contracting market for news in the United Kingdom, coupled with falling profit for most major newspaper companies, suggests an industry in decline. Cost-cutting measures have also reduced employment in the industry over the past five years, reducing the total amount of wages paid by industry operators. Consequently, industry value added, a measure of the industry's contribution to the UK economy, is expected to fall at a compound annual rate of 1.6% over the 10 years through 2019-20. Real GDP is expected to grow at a compound annual rate of 2.1% over the same period, meaning newspaper publishing will constitute a decreasing share of the UK economy.
The advent of new technology is a catalyst for change in any market... purchase to read more