A new report issued this week from the Council of Economic Advisers (CEA) and social media network Linkedin that studied a wide range of industries showed that the newspaper industry suffered the biggest decline of any from 2007-2011.
While renewables grew 49.2%, the Internet 24.6% and online publishing 24.3%, newspapers led the way in a downward direction, shrinking a whopping 28.4%. Even retail, which has suffered greatly during the recession as Americans lost jobs and cut back their free-spending ways, only declined 15.5% by comparison. And while retail sales are bouncing back ever so slightly, newspapers are still struggling to regain their footing and show no signs that the downward trend will reverse itself in the near future.
Don Irvine is the chairman of Accuracy in Media and its sister organization Accuracy in Academia. As the son of Reed Irvine, who launched AIM in 1969, he developed an understanding of media bias at an early age, and has been actively involved with AIM for over 30 years.
