The Global Newspaper and Magazines Publishers Market, a part of the media industry, declined at a compound annual growth rate (CAGR) of around -1.8% during the historic period. The media industry showed a drastic decline. The decline is mainly due to the consumer preferences – While the older generation continue to value the traditional print newspapers and magazines, the way the younger generation consumes news is changing. The Y=younger generation preferred reading books and magazines on their smart phones and tablets resulting in declining print revenues.
In the forecast period, the global newspaper and magazines publishers’ market size is expected to be over $200 billion by 2021, growing at a CAGR of nearly -0.40%. This is expected due to the online paywall is expected to drive the news and magazine market in the future as publishers shift from print to digital in monetizing news content. A pay wall model has been adopted by over 50% of the newspapers in the USA prevents free access to content and involves readers paying for online bundles much as they used to pay for print. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global newspaper and magazines publishers market in the future.
Find TBRC’s report on the newspaper and magazines publishers market: https://www.thebusinessresearchcompany.com/report/newspaper-and-magazines-publishers-global-market-report-2018
The newspaper and magazine industry is currently experiencing significant transformations due to digital technologies. The new technologies are providing a multitude of new platforms to disseminate news content in innovative ways. Publishers of newspapers and magazines have changed their distribution approaches by introducing digital offers and services that can cater to consumers’ needs.
Major companies in the newspaper and magazines publishers market, offering digital technology include News Corporation, Axel Springer, Gannett and Co Inc., Bertelsmann, Meredith
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