THE FOUNDER OF Manager Group of newspapers Mr. Sondhi Limthongkul officially announced today (July 17) that Manager daily newspaper and 360 weekend newspaper will cease their print editions at the end of this month and exist exclusively online, Naewna newspaper said this evening.
This marks the end of decades-long print media legacy with Sonthi saying that the main reason for this key shift is changing media consumption habits that has seen continuous decline in the number print newspaper readers.
However, the Manager Group will move forward with adapting its operations to fully utilise digital and online platforms to accommodate the rapid growth of various channels, especially mgronline.com, which was the first news website in Thailand.
The decline of newspapers in the 21st century consists of the closure of many traditional newspapers and a decline in the number of professional journalists. Meanwhile, a small number of newspapers with significant brand recognition have seen a significant rise in viewership of their online publications, according to Wikipedia.
In the US and Europe, newspapers are facing declining advertisement sales, the loss of much classified advertising, and precipitous drops in circulation. The US saw the loss of an average of two newspapers per week between late 2019 and May 2022, leaving an estimated 70 million people in places that are already news deserts and areas that are in high risk of becoming so. Prior to that steep decline, newspapers’ weekday circulation had fallen 7% and Sunday circulation 4% in the United States, their greatest declines since 2010.
To survive, newspapers are considering combining and other options, although the outcome of such partnerships has been criticised.
CAPTION:
Manager Group’s founder Sonthi Limthongkul. Above photo – Naewna, Front Page – Mgronline.com
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