According to the Pew Research Center, newspapers’ valuations are down by more than 90 percent from their peaks.
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The news remains mostly bleak for the American newspaper industry, struggling over the past decade to adapt to the new digital landscape.The story is the same at other once-proud U.S. metropolitan dailies: According to the Pew Research Center, valuations are down by more than 90 percent from their peaks at the Boston Globe, Philadelphia Inquirer, Chicago Sun-Times and Minneapolis Star-Tribune.While newspapers are trying to get readers with digital subscriptions and mobile apps, they are swimming against a powerful tide.For the U.S. daily newspaper sector over the past decade, weekday circulation has fallen 17 percent and ad revenue more than 50 percent, according to Pew.And in 2014, three big media companies decided to spin off newspapers to focus on more profitable broadcast or digital properties.In the first quarter of 2015, seven of the largest newspaper groups made a combined profit of $21 million.This, however, will only offer modest relief to newspapers, according to Mutter.
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