Have you bought a copy of Time or Newsweek in the last several years? Me neither. According to Wikipedia:
- During the second half of 2009 Time magazine saw a 34.9% decline in news stand sales. During the first half of 2010, there was another decline of at least one third in Time magazine sales. In the second half of 2010, Time magazine newsstand sales declined by about 12% to just over 79 thousand copies per week.
- In 2003, Newsweek's worldwide circulation was more than 4 million, including 2.7 million in the U.S; by 2010 it was down to 1.5 million (with newsstand sales declining to just over 40 thousand copies per week).
The declines in advertising revenue are even worse. Sure, the internet is part of the story, but so is news judgment and bias.
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