Newspaper sales continue to slide, while online revenues are not making up the shortfall. Amid the gloomy headlines, is there an opportunity for investors?
Along with revelations about phone hacking, MPs’ expenses and corrupt sporting officials, one story has dominated Fleet Street over the last two decades. The exponential rise of the internet and smart phones has shaken up the industry, fuelling a slide in sales and advertising revenue. Some observers have concluded that newspapers, or their print editions at least, may soon be spiked.