|Last Quarterly Update:||11/18/2013|
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Companies in this industry publish newspapers in print and electronic forms. Major companies include US-based Advance Publications, Dow Jones, Gannett, and The New York Times, as well as Italian holding company COFIDE, Germany's Axel Springer, Japan's Asahi Shimbun, and the UK's Daily Mail and General Trust.
Internationally, the newspaper industry generates revenue of about $200 billion and includes nearly 12,000 daily newspaper titles in circulation, according to the World Association of Newspapers and News Publishers (WAN-IFRA). More than half the world's adult population read a daily newspaper: 2.5 billion in print, and more than 600 million in digital form. Scandinavian countries, along with Switzerland and Austria, have the highest readership of newspapers per capita. Regions with growing readership include Asian markets such as South Korea and Hong Kong.
The US newspaper publishing industry includes about 5,000 companies with combined annual revenue of about $32 billion. Growth opportunities include alternative distribution channels and technological advances.
The health of the economy drives both advertising and readership. The profitability of individual companies depends on marketing expertise, as most costs are fixed. Large companies benefit from economies of scale in sharing resources and by providing a range of outlets for advertisers. Small publishers can compete successfully by serving smaller markets. The US industry is highly concentrated: the top 50 companies generate about 80 percent of revenue.
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Products include daily, weekly, monthly, and Sunday newspapers; Internet news ...
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