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Is the Digital Industry killing off the printers

Is the Digital Industry killing off the printers /publishers?

Authored by Phil Meekin

Phil Meekin

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Approximate read time: 1 minute

Unfortunately more and more printers /newspapers & publishing houses will be seeking the help / advice of Insolvency Practitioners with many having no alternative but to close their doors for ever.

The last Dandy comic goes on sale today on its 75th birthday. At its prime sales hit 2 million copies a week, present day sales are down to 8,000 copies. This is another victim of the decline of the printing /newspaper industry.

Poor old desperate Dan has even succumbed to digital. Even though sales of comics were at their height in the 1950`s the first blow to hit the newspaper industry came in the form of the television, as news was fed straight into people`s homes. The next big blow to the industry was in the 1990`s when we saw the explosion of the internet which threw the industry into further
decline.

Those that managed to ride these storms are now fearing a new wave in the form of portable technology as it is estimated that one million or more e readers, kindles and ipads will be received as gifts this coming Christmas, putting even more pressure on an already fragile industry. Unfortunately more and more printers /newspapers & publishing houses will be seeking the help / advice of Insolvency Practitioners with many having no alternative but to close their doors for ever.

The last five years or so have already seen more printers closing than ever before with the onslaught of the double dip recession. A famous newspaper baron once quoted profits flowing from his newspaper empire as “rivers of gold”. Have the rivers finally dried up for this industry?

Author: Diane Dianty

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