Newspaper Industry Proclaimed "Vibrant, Growing"
According to recent provisional data from the World Association of Newspapers Paid-for newspaper circulation went up 1.9 percent year-on-year to more than 510 million paid-for copies in 2006, and the number of new paid-for titles grew to more than 11,000 for the first time in history.Gavin O'Reilly, President of WAN and Chief Operating Officer of Independent News & Media Ltd., said "The prognosis for newspapers is actually quite different to conventional wisdom... Those of us in the newspaper business are very confident in the future... producing relevant and compelling products for our local markets, aggregating growing audiences and showcasing them to advertisers."
Based on preliminary figures from more than 200 countries and territories, to be published next month:
Print is the biggest advertising medium in the world, says the report, with a 42 percent share. Newspapers alone are the second largest, with 29.4 percent of global advertising spend.
O'Reilly noted that "Hidden in those figures is the fact that newspapers... actually represent more than the combined advertising value of radio, cinema, magazines and the internet."
The full presentation can be downloaded here.