NEW DELHI, June 18 — Indian newspapers, which just a few months ago had defied the global trend by gaining circulation, are now buckling under the weight of coronavirus losses that have killed some off and critically wounded other big names. Newspapers have remained a mainstay in the country of...
Wednesday, 17 Jun 2020 12:39 PM MYT
Newspapers have remained a mainstay in the country of 1.3 billion people in recent years, when the rise of digital news has seen sales slump around the world. Hundreds of journalists have been laid off or seen wages slashed and in Mumbai, one charity is organising food parcels for unemployed reporters.
The group expects to lose millions of dollars. “We don’t know when the advertising market will recover,” he told AFP. While Indian media groups are starting to invest heavily in online news, Ram said the advertising did not compensate for the sudden losses. Consultancy KPMG had predicted before the pandemic that advertising revenue for newspapers would remain stable for a few years.
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