Local papers shut down as news moves digital.
It’s Kind of ironic, your reading this on your phone or computer. But It’s hard to argue – we receive most of our news online now.
Why wait for a paper? Facebook, Twitter and all the other platforms are full with the latest news and it’s available at an instant. Although sometimes there’s an overload of information, pushing into your social feed to grab your attention… Shameless plug… that’s why we send our email – to curate some of the best business, finance and tech news each week, without the BS.
Traditional media such as newspapers continue to struggle in this digital environment.
In April The Sydney Morning Herald and The Age revealed that Rupert Murdoch’s News Corp Australia was undergoing a major review of their publishing operations. And it appears this review is now complete.
On the 28th of May 2020, News Corp announced they will stop printing more than 100 regional and suburban newspapers. Some will still exist as digital papers and others will completely cease. It’s estimated that between 500 and 1000 staff may lose their job.
It appears News Corp is putting some of the blame for the slow down in business on Covid-19 and technology. News Corp Australasia executive chairman Michael Miller told staff:
“Our portfolio review highlighted that many of our print mastheads were challenged, and the double impact of COVID-19 and the tech platforms not remunerating the local publisher whose content they profit from, has, unfortunately, made them unsustainable publications.”
The local papers will start to close down from 29th of June 2020. If you’re a fan of your local paper, we have found a list of the publications that will be affected.