Panther Press Goes the Way of Print Journalism

NewspapersAs the end of the 2013-2014 school year approaches, so do the conclusion of Paul VI’s Intro to and Advanced Journalism classes. The school has decided to discontinue the course due to an insufficient number of students signing up for the 2014-2015 school year.

Newspaper Club will continue with its meetings and looks to produce an online newspaper, said Newspaper Club and Panther Press Adviser Mrs. Beth Slucher.

Students’ lack of interest in the construction of a printed newspaper coincides with that of the American public as a whole. In the past five years, newspaper print ad revenues have dropped more than 50 percent, according to Mark J. Perry, professor of economics and finance in the School of Management at the Flint campus of the University of Michigan, and revenues have not been this low since 1950.

“The dramatic decline in newspaper ad revenues since 2000 has to be one of the most significant and profound Schumpeterian gales of creative destruction in the last decade, maybe in a generation,” Perry said at the American Enterprise Institute’s Carpe Diem blog.The Rocky Mountain News, Seattle Post Intelligencer (at least its print operation—an online-only version continues) and Ann Arbor News (now with an online edition as well as a print product twice a week) are among those newspapers that have gone out of business, said By Paul Grabowicz, in his article entitled “Print Editions Decline.”

Others have filed for bankruptcy reorganization, including the Tribune Company, Minneapolis Star Tribune, the Philadelphia Newspapers
company and Chicago Sun Times.

The future of print newspapers remains unclear, but further decline seems to be the most accurate guess. The Washington Post’s latest advertising campaign looks to combat printed newspaper demise by trying to hook digital subscribers on a printed Sunday edition.

Amid the hustle and bustle of electronic communication, will the public remember the charming simplicity of a good old-fashioned print paper?

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