Is the writing on the wall for traditional media? I know that locally, we’re seeing a huge amount of media convergence and downsizing. I know there’s always been some of that shifting going on behind the scenes, but it seems like it’s getting more and more prevalent these days.

The offer is coming at a time, the paper says, when ad revenues are declining, online media is growing in leaps and bounds, and the US economy is taking a hit.

Is this it? Are we seeing the beginning of the end of traditional media?

Where do you get your news these days, and maybe even more telling, when was the last time you actually purchased a newspaper and read it section by section?

Edited to Add: The New York Times has another story about the decline of traditional media, in the business section. The graphs that stood out to me the most were:

Experts say the lack of interest reflects a sharp shift in the last year toward a more pessimistic long-term view of the industry. The loss of ads has accelerated, and few expect a rebound even when the economy recovers.

“The story has changed fundamentally,” said Ken Doctor, a newspaper analyst with Outsell, a research firm. “A year ago, the conventional wisdom was, ‘Yep, there are problems out there, but there’s still significant value.’ Now, it’s ‘Run away.’ ” [source]

Post from: EveryJoe

Traditional media on life support?