CEO of the New York Times: it is expected that paper newspapers will disappear in 20 years
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core tip: Mark Thompson, the outgoing CEO of the New York Times, predicts that paper newspapers will disappear in 20 years. Thompson said in an interview, "I believe that Mark Thompson, the outgoing CEO of the New York Times, predicts that paper newspapers will disappear in 20 years. Thompson said in an interview:" I believe in the New York Times. " It will definitely be printed for another 10 years, or even 15 years. I would be very surprised if it was still printed in the next 20 years. "
Thompson said that at present, more than 900000 users have subscribed to the paper printed version of the newspaper. He said that at the current subscriber level, the newspaper could print seven days a week without any advertising
but as readers become more accustomed to reading the New York Times on smartphones, tablets and computers, paper newspapers are clearly in a dying mode. The financial report of the New York Times last quarter showed that the total revenue of the digital version exceeded that of the paper version for the first time. Driven by the long-term downward trend and the new crown pandemic, print advertising fell by more than 50% year-on-year compared with the previous quarter
Thompson said, "I doubt whether print advertising can recover to the level of 2019. The data has been declining for many years, and I think the decline may be inevitable."
next month, Thompson will resign as the CEO of the New York Times, and Meredith Levien will take over the post of CEO of the New York Times. Since Thompson became CEO, the stock of the New York Times has risen by more than 400%
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