Last month, The Press of Atlantic City cut back it’s printed newspaper schedule. No more 7 days a week. It’s down to just 3 days a week; Tuesday, Thursday and Saturday. No more printed Sunday paper either.
Popular AC Weekly has been shuttered as well.
Lee Enterprises owns The Press of Atlantic City. The Lee portfolio includes 77 daily newspapers in 26 states.
Radio also under pressure. Audacy may need to sell off a few stations in order to avoid bankruptcy. Audacy owns major radio brands like 94 WIP, KYW News Radio.
Hyper-Local Watchdog Journalism Thrives Online.
What will replace TV, Radio & Newspaper? In most cases, it will be digital; websites, twitter, email, video, podcasts, etc.
Who leads the charge? Independent web entrepreneurs that support a diversity of opinions and sales / marketing strategies. Everything from Twitter to ‘hyper-local’ websites powered by the WordPress online publishing platform.
Listen: Web 101 EVENT from press of Atlantic City. 12/2011
The team at DownbeachBUZZ loved working with Philly.com, Press of Atlantic City, Morning Call, The Bucks County Courier Times, Chicago Tribune, Z-100, FOX 29, WYSP, KYW, etc. But publishers and broadcasters blew it. They virtually dismissed Craigslist, Monster.com and Cars.com. Local media also stood by as Facebook and Google stole their small business advertisers.
How to explain demise of mainstream media?
Traditional journalism orgs were desperate for financial support. Many fell prey to those with the ability to withhold or stymie that support.