Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 20

INTRODUCTION

CHAPTER 01
1.1 Traditional Printing Newspaper

In the past, traditional news printing was the dominant medium for delivering news and
information to the masses. However, the emergence of digital technologies has given rise to a
range of new platforms and channels, which have fundamentally altered the way in which
people consume news. As a result, the readership landscape has become more complex and
diverse, with individuals increasingly relying on a mix of traditional and digital sources for
their news and information needs.
One of the key drivers of this change has been the rapid growth of social media, which
has transformed the way in which news is disseminated and consumed. Social media
platforms such as Facebook and Twitter have become powerful tools for sharing news stories
and breaking developments in real-time. This has led to a fragmentation of the traditional
news media, as audiences have become more selective in the sources they turn to for their
news. To adapt to these changing trends, traditional news outlets have had to adopt new
strategies to remain relevant and competitive. This has included a greater emphasis on digital
platforms, such as online news portals and mobile apps, as well as a renewed focus on
investigative journalism and high-quality content. Additionally, many traditional news
organizations have sought to leverage their established brand identities to establish a stronger
presence on social media and other digital channels.
The transformation of the readership and traditional news printing landscape has also had
significant implications for the business models of news organizations. With print circulation
declining in many markets, traditional news outlets have had to explore new revenue streams
to sustain their operations. This has led to the emergence of new business models, such as
subscription-based models, digital advertising, and sponsored content. Some news
organizations have also explored alternative funding models, such as non-profit status or
philanthropic support.
The evolution of readership patterns and traditional news printing practices has been a
subject of much debate in recent years. With the advent of digital technologies and the
internet, the sector landscape has witnessed a significant transformation. This report aims to
delve into the various causes that have contributed to this change and explore how the
industry has responded to these challenges. The report will examine the shifting
demographics of readership, the impact of social media and other digital platforms, as well as
the strategies employed by traditional news outlets to remain relevant in the modern era. By
providing a comprehensive analysis of these issues, this report will offer valuable insights
into the current state of the news industry and its future prospects.
In addition to these economic considerations, the changing readership landscape has also
had implications for the way in which news organizations operate. With audiences becoming
more fragmented and selective in their news consumption habits, news organizations have
had to adopt new strategies to engage with their readers and build a loyal following. This has
led to a greater focus on user-generated content, social media engagement, and community
building.
Despite these challenges, the traditional news industry continues to play a critical role in
shaping public opinion and facilitating informed debate on important issues. As such, it is
imperative that stakeholders in the industry continue to invest in high-quality journalism and
explore new ways of engaging with audiences in the digital age. By doing so, they can help to
ensure that the readership and traditional news printing landscape remains vibrant and
relevant for generations to come.

1.2 Decline of Readership Rate Worldwide

Readers(In million)
400

350

300

250
Readers(In million)
200

150

100

50

0
2017 2018 2019 2020 2021 2022 2023 2024 2026 2027

Figure 1.1
(Source: Statista 2022-2023)
The Most recent updated (March 2023) statista analysis give data on the readership rate in the
above figure 1.1 the newspaper readers are declining rapidly the data also predicts the future
of the readers and it been seen that there will be continues downfall of the readers. It is true
that newspaper readership rates have been declining worldwide for many years. There are
several reasons for this trend but some newspapers have been able to adapt to the changing
media landscape by investing in digital content and marketing, building strong online
communities, and diversifying their revenue streams. However, the decline in readership rates
is still a major concern for many newspapers, as it threatens their long-term viability and
sustainability.
1.3 Major Causes effecting the customer expectation towards the newspaper

Digital
Inclusion
Adaptation Environmen
challenges tal Causes

Deterioratin
Attention
g Quality of
Spam
journalism

Poor Readership Search for


Readership Rate yield

Customer
Satisfaction

Figure 1.2
The figure 1.2 depicts the major causes that effecting the decline readership rate, where as the
causes indicating that how a customer’s requirement from their subscribed newspaper varies
due to this causes this also has led biggest changes in the sector is the decrease in demand for
printed newspaper. There are various causes that are contributing to this problem.

• Poor readership is led by changing demographics of readers. Younger generations


are more likely to consume news through digital channels, and many have grown up
never buying a physical newspaper. As a result, newspapers are struggling to attract
younger readers and are losing them to online sources.
• Deteriorating quality of journalism is one of the causes of the decline in readership
for traditional news printing is the deteriorating quality of journalism. This refers to a
decline in the standards of accuracy, objectivity, and impartiality that are expected of
journalists, which can lead to a loss of trust among readers. where journalists offer
their personal opinions and biases in news reporting. While opinion journalism can be
valuable in offering different perspectives, it can also lead to a loss of objectivity and
impartiality, which can erode trust among readers.
• Adaptation challenges by consumers of traditional printing papers is another cause
of the decline in readership for traditional news printing. As society becomes
increasingly digital, many consumers are finding it more convenient to consume news
online, rather than purchasing and reading physical newspapers. This shift in
consumer behavior is driven by several factors. First, digital media offers convenience
and flexibility. People can access news on their smartphones or computers, and they
can do so at any time and from any location. This is especially appealing for busy
individuals who may not have time to read a physical newspaper.
• Digital inclusion, or the lack thereof, is another cause of the decline in readership for
traditional news printing. In today's society, access to digital devices and the internet
has become increasingly important for accessing news and information. However, not
all readers have equal access to digital devices or the internet, which can create
barriers to accessing online news sources. This is particularly true for low-income
households, rural communities, and elderly populations, who may not have the
financial resources or technical knowledge to access digital media.
• Environmental causes have also played a role in the decline of readership for
traditional news printing. One of the key environmental concerns associated with
traditional newspaper printing is the impact of paper production on the environment.
The production of paper from virgin wood pulp requires the use of large amounts of
energy, water, and chemicals, and it can contribute to deforestation and other
environmental problems. In addition, the disposal of used newspapers can lead to
waste and pollution.
• Attention span in newsrooms is another cause of the decline in readership for
traditional news printing. With the rise of digital media, news cycles have become
faster and more competitive, with a constant stream of breaking news and updates
available to readers. This has created a culture of rapid-fire reporting, where
journalists are under pressure to produce news stories quickly and efficiently. In some
cases, this has led to a focus on clickbait and sensational headlines, rather than in-
depth reporting and analysis.
• Search for yield refers to the practice of newspaper industry seeking to generate
revenue by other forms of mean. It is clear that this practice could directly cause a
decline in newspaper readership rates. Due to company focuses more on generating
the revenue by either increasing the price and the hefty amount of advertisement in
the newspaper that eventually led the customer loss of interest in reading the
newspaper.
LITERATURE RIVEW

CHAPTER 02

Mc Combs and Mauro (1977) the article aimed to study the Prediction of the readership
towards Content where it states that what are the stories headlines and newspaper factors that
influences strongly towards men and women to read the newspaper. Where the researcher
depicts that there is certain dimension through which readers get attracted to read the
newspaper they are: Page number, News story, standing feature, list, local, regional, local
staff, wire service, Size of headline, use of pictures, size of the text in column inches, total
space filled by text, headlines etc. The study concludes that men and women prefer different
news every day so the amount Reading of newspaper and holding constant kind of content is
taken under consideration by the both men and women the study also refers that front page
stories have higher readership than those in the back of the paper.

Vyas et al. 2007 The younger generation seems to be moving away from traditional print
media as they prefer to consume news and information on their own terms, including the
ability to customize content, choose the time of consumption, and select the medium of
delivery. However, in India, print media is experiencing the same fate like in other countries.
Ashong & Henry (2017) According to the report newspapers are currently facing significant
challenges on a global scale. This is particularly evident since the advent of the internet,
which has provided users with online capabilities and options that surpass what traditional
newspapers are able to offer. The internet has enabled users to access news and information
instantly and free of charge, while also providing interactive and multimedia features.
Furthermore, modern handheld technologies such as mobile phones and personal computers
have made it very easy for users to access this information.

Johnson (2000) he expresses that the world can be divided into two types of audiences - theirs
and yours. The first type refers to individuals who do not consume your newspaper, radio
station or television program, and are often viewed negatively as faceless and unintelligent.
The second type consists of individuals who actively engage with your media and are
considered part of your audience. These individuals are typically similar to us and easily
identifiable. It's important to recognize the value of both audiences, as each group presents
different opportunities and challenges. While the second audience may be more loyal and
receptive to your messaging, the first audience may provide valuable insights into untapped
markets or areas for improvement. Dismissing the first audience as "idiots" can lead to
missed opportunities and a failure to understand diverse perspectives. Instead, it's essential to
approach both audiences with an open mind and a willingness to learn. Ultimately,
understanding the different types of audiences and their needs can help media organizations
better tailor their content and reach a wider range of consumers.

Tiwari (2016) A study in to examine the trend of print readership in India, specifically among
online newspaper readers. The study was conducted online and involved around 3,000 news
netizens. Tiwari's findings suggested that despite the increasing popularity of the internet, a
majority of online news readers in India still prefer to read the printed version of newspapers.
This implies that the print media industry in India is still relevant and continues to attract
readers. Based on these findings, Tiwari concluded that the growth of the internet in India has
not significantly affected the print media industry. The study conducted by Tiwari sheds light
on the print media industry in India, and its ability to adapt to the changing times. Despite the
convenience and accessibility of online news, a significant portion of the population still
prefer traditional print newspapers. The results of the study are particularly relevant as they
challenge the widely held belief that the print media industry is dying. Instead, the industry
continues to cater to a loyal readership, and has not yet been rendered obsolete by the
internet. The study also highlights the importance of understanding readers' preferences and
habits when it comes to consuming news. While the internet has certainly transformed the
way we access information, it is not a one-size-fits-all solution. The findings of the study
suggest that there is still a significant demand for printed newspapers in India, and that the
industry is likely to continue to thrive for years to come. As such, it is important for media
companies to continue to cater to both online and print readers, and to develop strategies that
take into account the changing landscape of media consumption in India.

Ernst and Young LLP (2016) The article "8 Key Trends in Digital Content Consumption" by
the Reacher highlighted the expected growth of the digital media industry in India. The
article suggests that the industry is predicted to grow to Rs 20,000 crores by the year 2020,
which is a significant increase. Additionally, there is an expected increase in advertisement
investment from 23% to 28%, which is a positive sign for the industry. The article also notes
that India has a vast population, consisting mostly of young internet users who have increased
income. This is an important factor to consider as the younger generation tends to consume
more digital content. Furthermore, the cost of the internet in India is decreasing, which is
leading to an increase in demand for more digital content. These trends indicate that the
digital media industry in India has a bright future, with a significant potential for growth. The
increasing accessibility of the internet, coupled with the changing habits of young consumers,
presents an opportunity for companies to adapt and innovate. The article highlights the
importance of recognizing these trends and developing strategies that take advantage of the
growth potential in the digital media industry in India.

Sinyangwe et al. (2017) the study depicts that the impact of online media on print media
newspaper sales in Zambia. Their research suggests that despite the increasing knowledge of
ICT and devices, there has not been a significant positive impact on paper sales. The study
also highlights the high cost of internet in Zambia as a hindrance to the growth of e-paper.
This is an important factor to consider as the cost of internet access can significantly affect
the adoption of digital media. Overall, the findings of the study indicate that the impact of
online media on print media sales is complex and multifaceted. Factors such as access to the
internet, consumer behaviour, and cultural preferences all play a role in shaping the future of
the media industry. This study provides valuable insights for media companies looking to
navigate the evolving landscape of digital media in Zambia and beyond. It highlights the need
for a nuanced approach that takes into account the unique circumstances of each market and
considers the interplay between traditional and digital media

Dr. K.R. Subramanian (2018) conducted a study titled "The Scope of Newspaper as a
Futuristic Medium for Publicity" to investigate the slow growth of online newspapers in
India. Using desk research, the study identified low price and accessibility as key factors that
have contributed to the exponential growth of traditional newspapers for publicity. The
findings of this study have important implications for media companies and advertisers.
Despite the rise of digital media, newspapers remain a critical medium for publicity in India.
Their affordability and wide reach make them a powerful tool for reaching audiences across
the country. Furthermore, the study suggests that the future of newspaper as a medium for
publicity is bright. As digital media continues to evolve and change, traditional newspapers
are likely to remain a valuable and influential medium for reaching audiences. Overall, this
study provides valuable insights into the current state and future prospects of the newspaper
industry in India. It highlights the ongoing importance of traditional newspapers as a medium
for publicity, and underscores the need for media companies and advertisers to continue to
invest in this medium.
RESEARCH METHODOLOGY

CHAPTER 03

Research methodology it’s a systematic and structured approach used to collect, analyse, and
interpret data in order to answer research questions or test hypotheses. It encompasses a range
of techniques and procedures for conducting research in various fields, including social
sciences, natural sciences, engineering, and humanities. Scholars is John W. Creswell (2014),
who is known for his contributions to qualitative and mixed-methods research. Creswell has
authored several books on research methodology, including "Research Design: Qualitative,
Quantitative, and Mixed Methods Approaches," which is widely used in research courses and
is considered a seminal work in the field.
The research methodology for this study is a descriptive study using both qualitative
and quantitative research methods. The sample collected for this study is 127, and the data
sources include both primary and secondary data. The data collection tool used in this study
is a structured questionnaire. The sample technique employed for the study is the snowball
technique. Data analysis for this study is conducted using Structural Equation Modelling
(SEM) using the Amos software. SEM allows for the testing of complex relationships among
multiple variables. This method will enable to analyse the data to identify significant
correlations and relationships among the variables and also to test hypothesis. The qualitative
aspect of the study will involve communicating with participants to explore their experiences
and perspectives. The interviews will be transcribed and analysed for themes and patterns.
The quantitative aspect of the study will involve the administration of the structured
questionnaire to participants, which will generate numerical data.
The structural equation model will be used to test the hypotheses developed for this
study. The snowball technique will be used to recruit participants, which involves asking
initial participants to refer others to participate in the study. Thess study will adhere to ethical
principles and obtain informed consent from participants before data collection. The results
of the study will be presented in a comprehensive report that includes the methods used,
findings, and limitations of the study. The report will conclude with recommendations for
future research in this area.
1.4 Problem Statement:
The diminishing rate of readers is a growing concern as it has the potential to impact the
spread of knowledge and cultural exchange. As reading becomes less popular and more
people turn to other forms of media for information and entertainment, there is a risk that
traditional form of reading habits and critical thinking skills where the ability to engage with
complex ideas will decline. This could have far-reaching consequences for education,
personal growth, and society as a whole. It is important to understand the factors that are
driving the diminishing rate of readers and to find ways to reverse this trend.
1.5 Objectives of the Study:
 To determine overall major causes that effecting decline of readership rate.
 To study consumers behavior on the traditional method of news communication.
 To examine the reasons for declining newspaper readership and find ways to
reverse this trend through data analysis.
1.6 Limitations of the Study

It is important to consider that every study has its own set of limitations, which may constrain
the interpretation and application of its findings. These limitations may include various
factors that could affect the study's outcomes.
For instance, self-report bias may impact the accuracy and reliability of the collected
data, while the availability of secondary data could limit the study's scope and depth.
Additionally, some micro-level factors or causes that are not easily observable may not be
adequately accounted for in the research analysis, which may further impact the study's
conclusions. It is therefore important to acknowledge these limitations and carefully evaluate
their potential impact on the study's findings.
1.7 Scope of the Study
This study seeks to understand the reasons behind the decline in readership rates within the
newspaper industry. Specifically, the research will examine how demographic and socio-
economic factors, including age, occupation, education level, newspaper subscription, and
accessibility, influence consumers' decision to purchase newspapers. By identifying the
factors that impact consumers' decisions to buy newspapers, this study aims to shed light on
the underlying causes of declining readership rates. Also, the research will explore consumer
attitudes towards traditional print news and seek to identify ways to reverse the recent trend
of declining readership.
DATA ANALYSIS AND INTERPRETATION
CHAPTER 04
This chapter presents and interprets data using SPSS 29, focusing on the characteristics of
readers and their opinions on the declining readership of newspapers. The data was collected
from 127 respondents who are citizens of India. Descriptive statistics and graphs were used to
analyse the data.
Table 1.1: Demographic Profile

Percentage
Variable Frequency
(%)
1. Age
Under 15 1 0.8
16-30 82 64.6
31-45 30 23.8
46-60 12 9.4
Above 60 2 1.6
Total 127 100.0
2. Occupation
Student 56 44.1
Employed 38 29.9
Unemployed 27 21.3
Retired 6 4.7
Total 127 100.0
3. Accessibility
Morning 100 78.7
Afternoon 11 8.7
Evening 13 10.2
Night 3 2.4
Total 127 100.0
4. Requirement
Updated 95 74.8
Entertainment 9 7.1
Education 19 15.0
Sports 4 3.1
Total 127 100.0
1.8 Interpretation
Demographics refer to the collection and analysis of statistical data pertaining to certain
characteristics of a population, such as age, gender, income, occupation, and geographic
location. This information provides insights into the social and economic conditions of the
population.
Table 1.1 highlights a significant trend in the readership of news, with the majority of
readers falling within the age range of 16 to 30. This demographic group constitutes a
substantial portion of the readership, comprising 65% of the total readership. This finding
suggests that individuals within this age group, who are primarily students and job holders,
are highly interested in staying abreast of the latest news developments. Notably, the table
indicates that a significant proportion of students, amounting to 45% of the total readership,
read news to keep themselves updated on current affairs that are relevant to their academic
pursuits.

Moreover, the table reveals that a considerable percentage of readers, amounting to


79%, prefer to read news in the morning. This finding suggests that the news industry must
prioritize delivering news in a timely manner to cater to this preference. Additionally, the
table highlights that readers have a keen interest in staying informed about the latest and most
current news developments.

In summary, the data presented in Table 4.1 provides valuable insights into the
readership of news, indicating that individuals within the age range of 16 to 30, particularly
students and job holders, represent a significant proportion of the readership. Furthermore,
readers tend to prefer reading news in the morning, and are highly motivated to stay informed
about current events. These findings can inform strategies for news organizations to target
their audiences more effectively and provide relevant content that meets readers' preferences
and interests.
1.9 Reliability and Validity of Data Collection
Validity is an important aspect of data analysis as it ensures that relevant and meaningful
information is obtained through the use of appropriate research questions and measurement
tools. It helps to establish the alignment between the research problem and the results
obtained through the measurement device.
On the other hand, reliability refers to the consistency of the measurement tool in providing
similar results on different occasions or by different observers. This is crucial in ensuring that
the findings obtained are not by chance or error. One common way to test for internal
reliability is through the use of Cronbach’s alpha, with a benchmark score of 0.70 and values
below 0.6 considered unsatisfactory (Patil & Bagodi, 2020).
In the context of researching the causes related to declining readership, conducting reliability
tests on the measurement tools used can help to ensure the consistency of the obtained results.
This, in turn, can improve the accuracy and reliability of the research findings.
As the Table 1.2 depicts that Cronbach’s Alpha value is 0.885 which is greater than 0.70
which states that the data obtained is reliable.

Table 1.2: Reliability Test

Reliability Statistics

Cronbach's Alpha N of Items

.885 23

2.1 Hypothesis Formulation


• Null Hypothesis: Are the root causes of dwindling newspaper readership in traditional
print media that influencing customers purchasing behavior and buying habits?
• Alternative Hypothesis: Root causes of dwindling newspaper readership in traditional
print media is not influencing customers purchasing behavior and buying habits?
Figure 1.3

(AMOS SPSS Generated)


2.2 Hypothesis Testing
 SEM generates through AMOS was used to test the relationships. A good- fitting
model is accepted if the value of the CMIN/DF less than 5
 The goodness-of-fit (GFI) indices (Hair et al., 2010); the Tucker and Lewis (1973)
index (TLI); the Confirmatory fit index (CFI) (Bentler, 1990) is greater than 0.90
(hair et al., 2010).
 If critical ratio (T value) should be greater than 1.96.
 Adequate-fitting model was accepted if the AMOS computed value of the
standardized root mean square residual (RMR) < 0.05 (P VALUE) (Hair et al., 2010).
The fit indices for the model shown in Table 1 fell within the acceptable range:
CMIN/DF =2.962, the goodness-of-fit (GFI) =0.699, TLI =0.538, CFI= 0.580, RMR=
0.0995
The study assessed the impact of Deteriorating Quality of journalism, Poor Readership
Search for yield, Adaptation challenges, Attention spans, Environmental Causes and Digital
Inclusion on expectations of the readers towards newspaper. Below table indicates the data
for hypothesis calculation: (the hypothesis is accepted if the critical ratio is greater than 1.96
and p value should be less than 0.05 Hair et al., 2010)

Table 1.3: Hypothesized relationship

Hypothesized Critical ratio p-value Decision


Relationship
Effecting Causes on 2.576 0.010 Significant
The Expectation of
Consumers Buying
Behaviour Towards
Newspaper

The null hypothesis states that there is significant impact of causes related to newspaper
readership in traditional print media on customers purchasing behaviour and buying habits.
The structural equation model tested that the various causes that relating to decline in
readership rate is affecting the customers buying of newspaper thus the null hypothesis is
accepted.
FINDINGS
CHAPTER 05

• Decline in print readership: The rise of digital media has led to a decline in print
readership over the past few decades. According to a report by Pew Research Centre,
the percentage of adults who read a print newspaper on a daily basis dropped from
34% in 2016 to 27% in 2018.
• Shift towards digital: As print readership declines, more and more people are turning
to digital news sources. Pew Research Centre reports that 34% of Americans now
prefer to get their news online, compared to 7% in 2013.
• Consolidation in the industry: The decline in print readership has led to consolidation
in the newspaper industry. Many smaller newspapers have gone out of business or
been bought out by larger companies. In 2019, Gannett, the largest newspaper
publisher in the United States, merged with Gate-House Media, creating a company
that owns more than 250 daily newspapers.
• Impact on advertising revenue: The decline in print readership has also had a major
impact on advertising revenue for newspapers. According to a report by eMarketer,
print ad spending in the United States is expected to decline by 17.8% in 2021, while
digital ad spending is projected to increase by 25.5%.
• Experimentation with new revenue models: As traditional revenue sources like print
advertising decline, many newspapers are experimenting with new revenue models.
Some are turning to subscription models, while others are exploring alternative forms
of advertising, such as native advertising and sponsored content.
• Importance of local news: Despite the decline in print readership, local newspapers
remain an important source of news for many communities. According to Pew
Research Centre, about 71% of Americans believe their local news outlets are doing
well financially, and 37% say they rely on local news sources "a lot" for information
about their community.
• By hypothesis testing where the critical ratio 2.576 indicates that all the major causes
are relating to the decline of readership rate and effecting the consumer buying
behaviour.
CONCLUSION
Chapter 06
The landscape of the news printing sector has undergone significant changes in recent years
due to the shift towards digital media and the rise of online news sources. As a result,
readership for traditional news printing has been declining, leading to a change in the sector's
landscape. One of the biggest changes in the sector is the decrease in demand for printed
newspapers. As more people consume news through digital channels such as social media,
news websites, and mobile apps, traditional print media has struggled to retain its readership
base. Many newspapers have seen a decline in circulation and advertising revenue, which has
forced them to cut costs and reduce staff. On the other hand, online news sources have
experienced significant growth in readership. The rise of social media platforms like
Facebook and Twitter has made it easier for people to access news articles from their mobile
devices, and news websites have become more popular as a result. Many news organizations
have shifted their focus towards digital media, investing in their online presence and creating
digital-only content. The newspaper industry is facing a plethora of challenges that have
resulted in a decline in the quality of journalism and readership. Several causes have
contributed to this situation, including a search for higher yields, adaptation challenges,
declining attention spans, environmental concerns, and digital exclusion. To ensure their
survival and long-term success, the newspaper industry needs to address these issues and find
alternative methods for revenue generation.
As technology continues to advance rapidly, it is crucial for newspapers to adapt to
these changes and leverage the latest innovations to remain competitive in the market.
Nevertheless, traditional news printing still holds significant potential to thrive in the existing
market and serve as a symbol of reliability and trust for customers who subscribe to
newspapers. Reading habits can also help individuals gain knowledge and wisdom, and many
people still prefer reading to other forms of media.

Therefore, despite the challenges facing the newspaper industry, there is still hope and
a place for traditional newspapers to rise again. By implementing innovative strategies and
leveraging technological advancements, the industry can overcome these challenges and
provide high-quality journalism that engages and informs readers. In conclusion, the future of
the newspaper industry depends on its ability to adapt to changing times and meet the
evolving needs of its audience.
Managerial And Practical Implication
• Embrace digital media: Managers need to acknowledge the shift towards digital
media and invest in digital platforms to remain relevant. This may involve creating a
website, mobile app, or social media pages to engage with readers.
• Diversify revenue streams: With the decline in traditional print media, managers
should look at diversifying revenue streams to include digital advertising, events, and
subscriptions. This may require redefining the business model to be more digitally
focused.
• Focus on audience engagement: As readership patterns change, it is important to
stay connected to the audience. Managers should focus on providing content that
resonates with their readers and encourages engagement. This may require investing
in data analytics to better understand audience behaviour and preferences.
• Emphasize quality journalism: While the industry undergoes change, managers
should not lose sight of the importance of quality journalism. It is important to
maintain high standards of journalism and invest in training and development of staff.
• Foster a culture of innovation: To remain competitive, managers need to foster a
culture of innovation within their organizations. This may involve encouraging
experimentation and embracing new technologies to deliver news in innovative ways.
Societal Implication
• Improving media literacy: One of the reasons for the diminishing readership in the
news industry is the prevalence of fake news and misinformation. Improving media
literacy among the general public can help them identify reliable sources of
information and avoid falling prey to fake news.
• Encouraging responsible journalism: The news industry should aim to provide
accurate, unbiased, and balanced coverage of events. Journalists and news
organizations should be held accountable for their reporting, and should refrain from
sensationalism or bias that could undermine their credibility.
• Investing in quality journalism: News organizations should invest in quality
journalism, which involves in-depth reporting and analysis of issues. This can be done
by hiring and retaining experienced journalists and providing them with the necessary
resources and training to do their jobs effectively.
• Promoting diversity and inclusivity: News organizations should strive to represent
diverse perspectives and voices in their coverage. This can help them appeal to a
wider audience and prevent readers from feeling alienated or excluded.

You might also like