IDC has a new market note discussing the latest in the printing and imaging industry. It discusses the merger of Gannett and Hearst, rising cost of newsprint, and USA Today’s plans to stop printing on Saturdays. These news reports are updated regularly to stay on top of the latest trends and developments. Subscribers can use this report as a credit toward an annual subscription, which gives them access to even more research.
IDC Market Note
If you’re interested in the latest industry news, you should sign up for the IDC Market Note for August 2022. The report covers news from the printing, imaging, and allied industries. The report also includes an extensive industry blog, where you can find the latest trends and information. You can also access the full list of articles and other research reports to keep abreast of the latest trends and technologies.
The IDC Market Note for printing news in August 2020 includes data on global remote work, which has impacted printing usage. The report also analyzed how companies were adapting to the new market. While companies were once primarily dependent on office printers, today they are expanding their print infrastructure to include other locations outside the office. This means companies are using a broader range of equipment and services to stay in business.
The New Gannett Co. Inc. will own and operate the newspaper chain after the merger. The new entity will streamline functions, consolidate regional printing and distribution, and eliminate duplicate roles. The company will keep some of its journalists and other essential product people, while cutting some others. The remaining cashflow will be used to pay the journalists and product people. The company will keep some of its newspapers and other media, but will only merge with Gannett if they overlap in coverage.
Financial investors have become major players in the consolidation of the newspaper industry. Many of these investors are focusing on cutting costs and improving the bottom line. GateHouse, for example, is controlled by Fortress Investment Group LLC, a private-equity firm. GateHouse and Gannett are both public companies, but the new Gannett will be run by Fortress Investment Group LLC, which is owned by Japan’s SoftBank Group Corp. Fortress Investment Group will keep its Gannett holding company for another two years.
Rising cost of newsprint
A few years ago, the print media industry was wringing its hands over the newsprint shortage. Prices surged by 40% in just two years. China banned the import of wastepaper, but cheap imports from Canada, Russia, and Finland kept the crisis at bay. Moreover, the war in Ukraine and Russia made it even cheaper to import. However, now the crisis has worsened, as the cost of newsprint is rising beyond its means.
The price of newsprint has risen by almost 50% over the last year, pushing up expenses for newspapers. Once a collaborative relationship between the newspaper industry and paper mills, this relationship has deteriorated to a shouting match. The cost of newsprint has soared to record highs and newspapers are being forced to cut back on content. In recent months, the paper industry has been lobbying the government for tax credits and ad revenue. Now, newspapers are preparing for the worst case scenario: a newsprint shortage.
USA Today’s plans to cut Saturdays in print
While Gannett papers are not alone in cutting back on their Saturday editions, the Plain Dealer in Cleveland reduced home delivery to three days a week years ago. The Tampa Bay Times is also cutting back on print editions, eliminating Saturdays from its Sunday schedule. The New York Times and the San Francisco Chronicle also no longer publish daily print editions. Gannett has over $3 billion in annual revenue and sells advertisements on its websites and in regional papers.
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The publisher, Gannett, has said that it wants to convert USA Today into a subscription service. It already owns 250 daily newspapers. While newspapers primarily relied on advertising in their print editions to generate revenue, more readers are turning to their mobile devices and streaming services for news. It’s no wonder that USA Today is planning to axe Saturdays from its print edition in August 2022.https://www.youtube.com/embed/tSDkff8CmN8