What will the printing industry be like in August 2022? This IDC Market Note discusses some of the most important issues in the imaging industry. Topics include the pending merger between Gannett and News Corp., the Pandemic, and layoffs. It’s not all bad, though. You might be surprised by some of the developments that will be taking place in the industry. Here are the major developments to watch in the coming months:
IDC Market Note
IDC Market Note for printing news in August 2020 includes a discussion of July 2022 news in the industry. The report covers all the major vendors in the market and includes a market research process, a list of key trends, and the results of the study. IDC identifies three key trends for printing vendors:
Gannett merger
The GateHouse and Gannett merger in August 2022 is likely to erode local news coverage in Massachusetts. As the two newspapers combine, they will own a combined 265 daily and thousands of weeklies. In total, they will own approximately one-sixth of daily newspapers in the state, with a combined audience of nearly seven million readers and 8.7 million print circulation. The combined companies will also have similar digital audiences, which will be beneficial for selling national advertising.
While Gannett has been looking for ways to reduce its costs, it has yet to announce specific cuts. Mike Reed has said that he intends to keep the core journalism staff at both companies, but he is expected to reduce headcount in other areas. The new company will also probably reduce local newsrooms and regional sports coverage. In addition, Gannett is expected to cut its investigative teams and local newsrooms. Although this merger will not directly affect local news coverage, it will be critical in reducing costs and refocusing on the journalistic mission of the company. While this merger is likely to bring some positive changes, there are also significant challenges ahead. Gannett must offset a drop in print ad revenues.
Pandemic
In the United States, the newspaper industry is facing a crisis that could eventually result in a complete collapse of print media. In March 2020, Time Out New York went off-print, citing fewer commuters. However, the magazine is now back in print in several cities, including London, Lisbon, Porto, Barcelona, and Madrid. Meanwhile, American Media, LLC, the publisher of US Weekly, laid off twenty employees in April 2020. Since then, the company has merged with Accelerate 360 LLC and is now A360 Media. Moreover, the magazine Entrepreneur Magazine has stopped publishing its June edition due to the pandemic, and has laid off two people since the pandemic.
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Layoffs
A new IDC Market Note discusses July 2022 news in the imaging and printing market. If you’re interested in learning more about the methodology and results of the research, you can request an extended copy. Below are some of the highlights from this report. We hope you’ll find it useful. In the meantime, read on for some other news in this space. The newsprint industry is experiencing a period of rapid growth, and it’s important to plan your printing strategy accordingly.https://www.youtube.com/embed/tSDkff8CmN8