President James Buchanan and the Secession Crisis

Free Essays on Lost

Lost In 1817, Mary Shelley set out to compose a phantom story that would â€Å"curdle the blood, and animate the beatings of the heart.† With this objective at the top of the priority list she started her journey. The completed item Frankenstein was one that startled Shelley herself. With some influence from her significant other the story that started as â€Å"but a couple pages† developed into an epic magnum opus. The tale talks about topics that have kept on contemplating readers’ minds even today. The ethics and morals identifying with the novel are widespread and keep on causing contention. The inquiry regarding whether the wretch’s conduct is supported is one such good difficulty that frequents the perusers of this gothic story. Victor Frankenstein, a searcher of qualification, is interchangeable with his abuse of science that makes an animal for which he gives no heading. It is very nearly a useful example of the inescapable calamities that anticipate wh en humankind endeavors to play God, similarly as Victor attempted to do. By disregarding the regular procedure ! of creation around him and not assuming liability for his activities, Victor in a roundabout way causes the passings of everybody he held dear to him. Rather than supporting the animal he offered life to, he forsakes it leaving the animal to confront an unaccepting world all alone. â€Å"All men abhor the pitiable; how, at that point, must I be detested whom am hopeless past all living things.† (125) The consequence of Frankenstein’s deserting is the creature’s retribution against him. He kills William (Victor’s honest sibling), outlines Justine causing her execution, and murders Cleval. Mary Shelley permits all characters to communicate their side of the story, consequently viably driving the peruser to take a position, and side with either Victor or the miscreant. Given cultural guidelines and desires, the wretch’s conduct would absolutely be viewed as unforgivable; in any case, given the conditions it can plainly be defended. The monster’s conduct can be justifi... Free Essays on Lost Free Essays on Lost Lost In 1817, Mary Shelley set out to compose an apparition story that would â€Å"curdle the blood, and animate the beatings of the heart.† With this objective as a primary concern she started her mission. The completed item Frankenstein was one that scared Shelley herself. With some influence from her better half the story that started as â€Å"but a couple pages† developed into an epic artful culmination. The tale examines topics that have kept on considering readers’ minds even today. The ethics and morals identifying with the novel are widespread and keep on causing discussion. The inquiry with regards to whether the wretch’s conduct is advocated is one such good predicament that frequents the perusers of this gothic story. Victor Frankenstein, a searcher of qualification, is interchangeable with his abuse of science that makes an animal for which he gives no course. It is right around a useful example of the unavoidable calamities that anticipate when hum ankind endeavors to play God, similarly as Victor attempted to do. By overlooking the characteristic procedure ! of creation around him and not assuming liability for his activities, Victor in a roundabout way causes the passings of everybody he held dear to him. Rather than supporting the animal he offered life to, he deserts it leaving the animal to confront an unaccepting world all alone. â€Å"All men detest the pitiable; how, at that point, must I be despised whom am hopeless past all living things.† (125) The consequence of Frankenstein’s relinquishment is the creature’s vengeance against him. He kills William (Victor’s guiltless sibling), outlines Justine causing her execution, and murders Cleval. Mary Shelley permits all characters to communicate their side of the story, along these lines successfully compelling the peruser to take a position, and side with either Victor or the heel. Given cultural gauges and desires, the wretch’s conduct would unquestionably be viewed as unpardonable; be that as it may, given the conditions it can plainly be defended. The monster’s conduct can be justifi...

How big is One

How big is One As a man walked a desolate beach one cold, gray morning he began to see another figure, far in the distance. Slowly the two approached each other, and he could make out a local native who kept leaning down, picking something up and throwing it out into the water. Time and again he hurled things into the ocean.As the distance between them continued to narrow, the man could see that the native was picking up starfish that had been washed upon the beach and, one at a time, was throwing them back into the water.Puzzled, the man approached the native and asked what he was doing. Im throwing these starfish back into the ocean. You see, its low tide right now and all of these starfish have been washed up onto the shore. If I dont throw them back into the sea, theyll die up here from lack of oxygen. But there must be thousands of starfish on this beach, the man replied. You cant possibly get to all of them. There are just too many. And this same thing is probably happening on hundreds of be aches all up and down this coast. Cant you see that you cant possibly make a difference?The local native smiled, bent down and picked up another starfish, and as he threw it back into the sea he replied, Made a difference to that one!Author UnknownEach of us is but one person: limited, burdened with our own cares and responsibilities. We may feel there is so much to be done, and we have so little to give. Were usually short of everything, especially time and money. When we leave this shore, there will still be millions of starfish stranded on the beach. Maybe we cant change the whole world, but there isnt one of us who cant help change one persons whole world. One at a time. We can make a difference.

Elementary Education

An Article On Physician Compensation Essay - 788 Words

Physician Compensation Article Review This paper contains a critical analysis of an article on physician compensation practices. It will summarize the article including the author s approach and conclusions, and it will evaluate the article s strengths, weaknesses, and validity. Article Summary In the article Physician Compensation: Are Physicians Paid to Promote Health and Well-Being? author William Martin argues the need to align physician compensation with the interests of patients. Martin, an associate professor at DePaul University, establishes a case that physician compensation must be designed in a way that not only benefits financial interests of physicians but also the health status/quality of life of patients. (Martin, 2015). Martin relays statistics from the Center for Medicare and Medicaid Services that physicians only account for 21.2% of the total health care spending, yet decisions physicians make in their practice make up the vast majority of health care spending based on ordering and referrals. Health care spending impacts health insurance premiums provided by employers and dollars spent by the U.S. government on Medicare, Medicaid, the Veterans Administration and the federal/state correctional system. Four models of compensation are described: fee-for-service, capitation, hybrid and fee-for-value. Under the fee-for-service model, physicians are paid for productivity, which encourages physicians to see more patients and perform more proceduresShow MoreRelatedHealthcare Management and Article Critique709 Words   |  3 PagesHealthcare Questions and Article Critique: 1. Incentive compensation is a major practice that has continually been adopted by healthcare organizations, especially for managers. 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Analytical overview of the newspaper publishing industry in the uk. Free Essays

string(24) " reaching a peak of 61\." Introduction The print media has for a long time played an indispensable role of informing people about local and international news (OECD 2010). They have been a pillar of public life and democratic societies and at their best, the print media especially the newspapers have been an important source of reliable information (Elvestad Blekesaune 2008). However, the unprecedented growth of information technology and the proliferation of new devices for delivering digital content among other market and business forces have led to a decline in circulation and newspaper readership (OECD 2010). We will write a custom essay sample on Analytical overview of the newspaper publishing industry in the uk. or any similar topic only for you Order Now In line with the above, this paper provides an analytical overview of the newspaper publishing industry in the UK. It provides a comprehensive overview of the sector structure including an analysis of the value/supply chain, business models, some of the leading newspapers and an analysis of the market structure. The paper also examines key demographics, user preferences and the changing patterns of consumption. Finally, the paper conducts a critical analysis of the current issues and trends including examining the impact of technologies, market and business forces. Overview of sector structure The newspaper publishing industry in the UK has a unique structure in terms of geographical coverage of publications. With reference to the geographical coverage, there are two main categories: the national publications and regional publications (Anon 2013). The national newspapers comprise of 10 dailies and 12 Sundays (Anon 2013). Within these two categories are the tabloid newspapers; middle-market tabloid newspapers and broadsheet newspapers (Anon 2013). Most of the newspapers in the UK are however under the ‘tabloid’ subcategory. Examples of tabloid newspapers are The Sun, Daily Mirror, Daily Star, The People and The Morning Star amongst others (Anon 2013). Whilst the broadsheet examples include The Daily Telegraph, Financial Times, The Guardian, The Independent, The Sunday Times and The Observer among others. The ‘Middle-market’ tabloid newspapers include Daily Mail, Sunday Express, Daily Express and The Mail on Sunday (Anon 2013). Regional newspapers in the UK are more than 1500 but for the purpose of this analysis, we shall highlight the top 10 regional groups. The parent companies of the top 10 regional newspapers include: Archant which was formerly referred to as Eastern Counties Newspaper Group (Anon 2013). Associated Newspapers Ltd Guardian Media Group plc Mirror Group Regional Newspapers which is currently known as Trinity (Anon 2013). Newsquest Portsmouth and Sunderland Newspapers (Anon 2013). Northcliffe Newspapers Group Trinity Mirror plc Scotsman Publications Ltd and D C Thompson Having defined the structure of newspapers, it is worthwhile examining the value/supply chains and the traditional business model. Supply chains In the UK, Newspaper supply chains are publisher-led. In other words, publishers have a strong degree of influence over the supply chains (OFT 2008). They exercise a stronger degree of influence over the volumes of products received by retailers through setting parameters used by wholesalers to allocate copies to the retailers (OFT 2008). The publisher also exerts influence on pricing at all stages of the supply chain by printing a price and setting margins for both the retailers and wholesalers (OFT 2008). They also set performance standards that define the nature of service provided to the retailers. These standards influence the terms and conditions on which retailers are supplied by the wholesalers (OFT 2008). The publisher’s main role in the newspaper publishing industry is thus to intermediate between journalists, information users, advertisers and other attention-seekers (OECD 2010). Journalists, on the other hand, have the task of creating content. This process of content creation and manufacturing requires in-depth research and investigation. Newspaper organizations also rely on news agencies such as Reuters and the Associated Press for news stories (OECD 2010). With the draft created, a diligent work flow follows that include a number of activities such as editing, copy-editing and graphical work (OECD 2010). Finally, a fully digital version is created ready for printing (OECD 2010). Characteristics of the newspaper publishing industry A key characteristic to note in the newspaper publishing industry is the two-sided markets: advertizing revenues and sale of editorial content (Berte De Bens 2008). Newspapers provide for both advertising and editorial content and as such generate revenues from both the advertisers and readers (Berte De Bens 2008). Another key newspaper characteristic is perishability. Newspapers are perishable in that their value is only for a short period. Demand is thus concentrated in a short time window which is often in the morning (OFT 2008). As such, there is pressure in the supply chain to reduce the time taken to deliver newspapers to retail outlets (OFT 2008). Newspapers in the UK are printed at print centres which are spread throughout the country. Once printed, they are distributed to wholesale depots in the UK (Berte De Bens 2008). These are then packed and delivered by the wholesalers to retailers (Berte De Bens 2008). In addition, some newspapers are supplied directly to consumers through subscription. However, magazines account for most of the subscription sales. Some examples of newspapers that offer subscription service in the UK include the Financial Times and The Times (OFT 2008). In the recent years, there has been a push towards supplying newspapers directly to the retailers. Publishers have become more involved in supplying newspapers outside the normal distribution process including supplying to high-street retailers (OFT 2008). As such a new supply chain, a direct-to-retail (DTR) distribution system is currently underway. Consumer behaviour The circulation and readership of newspapers cut across every age group, sector and social strata (Hamel Prahalad 1994). However, some age groups are more prone to reading newspapers than others. Adults are particularly more loyal to their newspapers than the younger teenagers. According to keynote survey on the consumption patterns of newspapers in the UK, it was found that majority of newspaper readers comprised mainly of the elderly. According to the survey, 48.9% of teenagers aged between 16 and 19 would buy a local or regional newspaper at least once a week (Keynote 2010). But beyond the age of 20, the buying falls and continues to decline up to the age of 44 before rising again, reaching a peak of 61. You read "Analytical overview of the newspaper publishing industry in the uk." in category "Essay examples"3% among those aged above 65 (Keynote 2010). Nonetheless, it is safe to assume that the UK industry offers a vibrant market for publishers as both the older consumers and younger teenagers have a quest for information. But just like with other social trends, evolution is inevitable and the rise of the internet leads to changing user preferences and changing patterns of consumption (Currah 2009). More recently there has been a decline in consumption of newspapers even among the adults which is largely attributable to the proliferation of online alternatives. In a comparative survey carried out by Keynote between 2008 and 2009, it was found that 36.5% of adults bought national newspapers on a daily basis, down from 42.4% in 2008 (Keynote 2010). The old newspaper business model which has for a long time been a success is coming under pressure due to the ongoing digitization. Reader markets and advertizing are in fact declining in many parts of the world owing to the growth of new digital media. The internet has grown to become nearly a standard publishing channel and is posing a major threat to the contemporary business model (Darmstadt 2006). The changing consumer preference has been a key driving factor behind this contraction as advertizing and print media have lost out to online alternatives that offer information and advertizing services via the social media (Smith 2013). In fact, in between 2007 and 2012, there was a 25% drop in the circulation of the daily newspapers in the UK (Smith 2013). Although the rise of the internet has to some extent benefited newspaper publishers through the revenues generated from advertizing on their online publications, the loss suffered by print advertizing has been far greater than the benefits derived from online publications such that it has resulted in an overall negative growth for most of the newspapers (Boczkowski 2005). Also, the value chain of news production, distribution and consumption has been fundamentally affected by the growth of the internet and the ongoing digitization (Leurdijk et al 2012). Whilst most newspapers have launched their own websites and offered blogs and apps for mobile devices, they still have to bear the costs which are significantly high (Leurdijk et al 2012). Moreover, the huge quantity of information available online has made it increasingly difficult for people to pay for online services. Pay models which have proven to be successful are scarce. The pay-wall model was initially experimented by some of the newspaper publishers but failed as the subscription revenues could not offset the vast loss of advertising revenues that resulted from decline in readership (Leurdijk et al 2012). However, there have been new attempts lately to re-introduce pay-walls for premium content by some of the publishers such as the New York Times, the Hamburger Abendblatt and The Berliner Morgenpost among others (Leurdijk et al 2012). But still, only a few companies have managed to succeed in developing viable online business models (Miyamoto Whittaker 2005). Perhaps we can say that the newspaper publishing industry is under turmoil due to the penetration of broadband and the rise of new devices for delivering digital content. Consumers are quickly embracing technology and switching to digital media. However, this transition from traditional print media to digital media varies with age (Fenez et al 2010). The younger generation is particularly the most affected. But as noted by Keynote, the impact has also been felt among the older consumers. Of course these changes will tend to benefit the consumers. Such newer forms of decentralized news will liberate readers from partisan news monopolies which have dominated the industry (Currah 2009). Consumers will also benefit from increase in the availability of ‘free’ news and news consumption that can be tailored to fit own preference (Currah 2009). But at the same time there is a concern regarding the quality of output, in particular, whether the desired output can be sustained by market. It should be noted that, unlike the traditional news organizations, many actors involved in the online content lack the large fixed cost base needed to provide in-depth and varied reporting of news (OECD 2010). In this regard, will vulnerable news genres such as reporting on local government, investigative journalism and reporting on areas not of immediate economic or political interest, survive (Leurdijk et al 2010)This is an issue that requires further documentation. Current issues and what the future holds Following the recent recession that led to declining business profit, the advertiser’s budget has today shrunk (Smith 2013). The impact of the recession has been a decline in readership due to high prices of newspapers. Also, the recent phone hacking scandal that implicated tabloid newspapers has undermined trust in journalists and led to a declining demand in major papers (Smith 2013). More recently, the introduction a new generation of eReaders such the iPad, tablet computers and kindles has provided an alternative for accessing information online (Sabagh 2011). With influx of such portable technology, the decline print newspaper is likely to accelerate, adding pressure to the traditional models that have supported many titles (Sabbagh 2011). The impact of these changes has already been felt by a number of local newspapers with 31 titles closing in 2010 (Sabbagh 2011). However, there are those that seem to handle the transition well such as the Financial Times which has seen a growth in digital subscription (Sabbagh 2011). For instance, in 2011, the average print circulation of Financial Times (FT) was 297,227 whereas that of the digital circulation was around 301,471, indicating a 31% increase in digital subscribers (Greenslade 2012). During the same year, the average global audience grew to 2.1m whereas that of the print stayed flat (Greenslade 2012). But while FT has made a successful digital transition, majority of the newspapers have not succeed in developing viable online business models. Given the declining demand, pressure has mounted on newspapers to adopt defence mechanism in order to protect their bottom line (Smith 2011). Publishers have been forced to optimize online advertizing platforms and some others have had to adopt paywalls (Smith 2011). Also, there are those that are opting to expand internationally in efforts to capture a new market in an information-centric society (Smith 2011). The structural challenges facing the newspaper publishing industry have no doubt resulted in a decline in circulation volume and a shift of advertizing to online channels. The growth in information technology is already having an impact on consumption behaviours as reading is losing against listening and watching of news via the Televisions, radios and the internet (ATKearney 2005). The trend is also forecast to continue in the coming future. As pointed out by ATKearney (2005), circulation of newspapers is likely to decline by over 25% in the forthcoming 20 years due to a decline in readership and the growth of digital generation. With newspaper revenue declining, there is a higher possibility of heavy consolidation to occur through company ‘attrition’ and Merger and acquisition activities (ATKearney 2005). The impact of the recent phone hacking scandal is likely to be minimal as popular titles still remain in fair commercial health. Tabloid newspapers such as ‘The People’, ‘The Daily’ and ‘Sunday Mirror’, and ‘Record titles’ in Scotland are still in fair commercial health. However, whilst the Leveson inquiry is expected to have minimal effects on the industry performance, a concern has been raised that the resulting regulation will be unbalanced between print news and that published online (Smith 2011). Conclusion Indeed we have seen that a number of factors have contributed to a decline in newspaper circulation such as recession, new technology (e-readers and smartphones), new internet intermediaries, new business models, and social factors such as increased participation in creation of digital content. These changes have had mixed effects in the industry. On the one extreme, consumers have benefited from availability of free information and consumption of news content which can be tailored to suit their own preferences. Also such newer forms of decentralized news have liberated readers from partisan news monopolies which have dominated the industry. On the other extreme, the traditional print media has been declining and this demise puts at risk an important foundation of democratic societies. Also, there is a concern that the desired quality output may not be sustainable as many actors involved in the online content lack the large fixed cost base needed to provide in-depth and varied reporting of news. Reference Anon, 2013. UK regional newspapers. Magforum ATKearney, 2005. Newspaper endgame: evolution scenarios for the European Newspaper Publishing industry. London Berte, K. and De Bens, E., 2008. ‘Newspapers go for advertising! Challenges and opportunities in a changing media environment’. Journalism Studies, 9(5), 692-703. Boczkowski, P. J., 2005. Digitizing the news: innovation in online newspapers. Cambirdge, Currah, A., 2009. What’s happening to our news: an investigation into the likely impact of the digital revolution on the economics of news publishing in the UK. Reuters Institute for the Study of Journalism. Elvestad, E. and Blekesaune, A., 2008. ‘Newspaper readers in Europe: a multilevel study of individual and national differences’. European Journal of Communication, 23(4), 425-447. Fenez, M., Middelweerd, J., Van der Donk, M., 2010. Moving into multiple business models. Pricewaterhousecoopers, Greenslade, R., 2012. How the Financial Times successfully made the digital transition. The Guardian. Hamel, G. and Prahalad, C.K., 1994, Competing for the Future, Boston MA: Harvard Business School Press. Keynote, 2010. Publishing industry: who still reads newspapers{viewed on 24th April 2013} availablefrom https://www.keynote.co.uk/media-centre/in-the-news/display/publishing-industry%3A-who-still-reads-newspapers%3F/?articleId=426 Leurdijk,A., Slot, M., Niewenhuis, O., 2012. Statistical, ecosystems and competitiveness analysis of the media and content industries: The newspaper publishing industry. Joint Research Centre Massachusetts: MIT Press. Miyamoto, D. and Whittaker, D., 2005. The book publishing industry in Japan and the UK: corporate philosophy/objectives, behaviour and market structure. Working paper No.309, ESRC Centre for Business Research OECD 2010, The evolution of news and the internet. DSTI/ICCP/IE(2009)14/FINAL Office of Fair Trading (OFT), 2008, Newspaper and magazine distribution in the United Kingdom, Crown Publishers Sabbagh, D., 2011. iPads and Kindles force newspapers further away from print. The Guardian Smith, G., 2013. Newspaper publishing in the UK industry market research report now updated by IBISWorld. IBISWorld {viewed on 24th April 2013} available from http://www.prweb.com/releases/2013/2/prweb10407604.htm How to cite Analytical overview of the newspaper publishing industry in the uk., Essay examples

Analytical overview of the newspaper publishing industry in the uk. Free Essays

string(24) " reaching a peak of 61\." Introduction The print media has for a long time played an indispensable role of informing people about local and international news (OECD 2010). They have been a pillar of public life and democratic societies and at their best, the print media especially the newspapers have been an important source of reliable information (Elvestad Blekesaune 2008). However, the unprecedented growth of information technology and the proliferation of new devices for delivering digital content among other market and business forces have led to a decline in circulation and newspaper readership (OECD 2010). We will write a custom essay sample on Analytical overview of the newspaper publishing industry in the uk. or any similar topic only for you Order Now In line with the above, this paper provides an analytical overview of the newspaper publishing industry in the UK. It provides a comprehensive overview of the sector structure including an analysis of the value/supply chain, business models, some of the leading newspapers and an analysis of the market structure. The paper also examines key demographics, user preferences and the changing patterns of consumption. Finally, the paper conducts a critical analysis of the current issues and trends including examining the impact of technologies, market and business forces. Overview of sector structure The newspaper publishing industry in the UK has a unique structure in terms of geographical coverage of publications. With reference to the geographical coverage, there are two main categories: the national publications and regional publications (Anon 2013). The national newspapers comprise of 10 dailies and 12 Sundays (Anon 2013). Within these two categories are the tabloid newspapers; middle-market tabloid newspapers and broadsheet newspapers (Anon 2013). Most of the newspapers in the UK are however under the ‘tabloid’ subcategory. Examples of tabloid newspapers are The Sun, Daily Mirror, Daily Star, The People and The Morning Star amongst others (Anon 2013). Whilst the broadsheet examples include The Daily Telegraph, Financial Times, The Guardian, The Independent, The Sunday Times and The Observer among others. The ‘Middle-market’ tabloid newspapers include Daily Mail, Sunday Express, Daily Express and The Mail on Sunday (Anon 2013). Regional newspapers in the UK are more than 1500 but for the purpose of this analysis, we shall highlight the top 10 regional groups. The parent companies of the top 10 regional newspapers include: Archant which was formerly referred to as Eastern Counties Newspaper Group (Anon 2013). Associated Newspapers Ltd Guardian Media Group plc Mirror Group Regional Newspapers which is currently known as Trinity (Anon 2013). Newsquest Portsmouth and Sunderland Newspapers (Anon 2013). Northcliffe Newspapers Group Trinity Mirror plc Scotsman Publications Ltd and D C Thompson Having defined the structure of newspapers, it is worthwhile examining the value/supply chains and the traditional business model. Supply chains In the UK, Newspaper supply chains are publisher-led. In other words, publishers have a strong degree of influence over the supply chains (OFT 2008). They exercise a stronger degree of influence over the volumes of products received by retailers through setting parameters used by wholesalers to allocate copies to the retailers (OFT 2008). The publisher also exerts influence on pricing at all stages of the supply chain by printing a price and setting margins for both the retailers and wholesalers (OFT 2008). They also set performance standards that define the nature of service provided to the retailers. These standards influence the terms and conditions on which retailers are supplied by the wholesalers (OFT 2008). The publisher’s main role in the newspaper publishing industry is thus to intermediate between journalists, information users, advertisers and other attention-seekers (OECD 2010). Journalists, on the other hand, have the task of creating content. This process of content creation and manufacturing requires in-depth research and investigation. Newspaper organizations also rely on news agencies such as Reuters and the Associated Press for news stories (OECD 2010). With the draft created, a diligent work flow follows that include a number of activities such as editing, copy-editing and graphical work (OECD 2010). Finally, a fully digital version is created ready for printing (OECD 2010). Characteristics of the newspaper publishing industry A key characteristic to note in the newspaper publishing industry is the two-sided markets: advertizing revenues and sale of editorial content (Berte De Bens 2008). Newspapers provide for both advertising and editorial content and as such generate revenues from both the advertisers and readers (Berte De Bens 2008). Another key newspaper characteristic is perishability. Newspapers are perishable in that their value is only for a short period. Demand is thus concentrated in a short time window which is often in the morning (OFT 2008). As such, there is pressure in the supply chain to reduce the time taken to deliver newspapers to retail outlets (OFT 2008). Newspapers in the UK are printed at print centres which are spread throughout the country. Once printed, they are distributed to wholesale depots in the UK (Berte De Bens 2008). These are then packed and delivered by the wholesalers to retailers (Berte De Bens 2008). In addition, some newspapers are supplied directly to consumers through subscription. However, magazines account for most of the subscription sales. Some examples of newspapers that offer subscription service in the UK include the Financial Times and The Times (OFT 2008). In the recent years, there has been a push towards supplying newspapers directly to the retailers. Publishers have become more involved in supplying newspapers outside the normal distribution process including supplying to high-street retailers (OFT 2008). As such a new supply chain, a direct-to-retail (DTR) distribution system is currently underway. Consumer behaviour The circulation and readership of newspapers cut across every age group, sector and social strata (Hamel Prahalad 1994). However, some age groups are more prone to reading newspapers than others. Adults are particularly more loyal to their newspapers than the younger teenagers. According to keynote survey on the consumption patterns of newspapers in the UK, it was found that majority of newspaper readers comprised mainly of the elderly. According to the survey, 48.9% of teenagers aged between 16 and 19 would buy a local or regional newspaper at least once a week (Keynote 2010). But beyond the age of 20, the buying falls and continues to decline up to the age of 44 before rising again, reaching a peak of 61. You read "Analytical overview of the newspaper publishing industry in the uk." in category "Essay examples"3% among those aged above 65 (Keynote 2010). Nonetheless, it is safe to assume that the UK industry offers a vibrant market for publishers as both the older consumers and younger teenagers have a quest for information. But just like with other social trends, evolution is inevitable and the rise of the internet leads to changing user preferences and changing patterns of consumption (Currah 2009). More recently there has been a decline in consumption of newspapers even among the adults which is largely attributable to the proliferation of online alternatives. In a comparative survey carried out by Keynote between 2008 and 2009, it was found that 36.5% of adults bought national newspapers on a daily basis, down from 42.4% in 2008 (Keynote 2010). The old newspaper business model which has for a long time been a success is coming under pressure due to the ongoing digitization. Reader markets and advertizing are in fact declining in many parts of the world owing to the growth of new digital media. The internet has grown to become nearly a standard publishing channel and is posing a major threat to the contemporary business model (Darmstadt 2006). The changing consumer preference has been a key driving factor behind this contraction as advertizing and print media have lost out to online alternatives that offer information and advertizing services via the social media (Smith 2013). In fact, in between 2007 and 2012, there was a 25% drop in the circulation of the daily newspapers in the UK (Smith 2013). Although the rise of the internet has to some extent benefited newspaper publishers through the revenues generated from advertizing on their online publications, the loss suffered by print advertizing has been far greater than the benefits derived from online publications such that it has resulted in an overall negative growth for most of the newspapers (Boczkowski 2005). Also, the value chain of news production, distribution and consumption has been fundamentally affected by the growth of the internet and the ongoing digitization (Leurdijk et al 2012). Whilst most newspapers have launched their own websites and offered blogs and apps for mobile devices, they still have to bear the costs which are significantly high (Leurdijk et al 2012). Moreover, the huge quantity of information available online has made it increasingly difficult for people to pay for online services. Pay models which have proven to be successful are scarce. The pay-wall model was initially experimented by some of the newspaper publishers but failed as the subscription revenues could not offset the vast loss of advertising revenues that resulted from decline in readership (Leurdijk et al 2012). However, there have been new attempts lately to re-introduce pay-walls for premium content by some of the publishers such as the New York Times, the Hamburger Abendblatt and The Berliner Morgenpost among others (Leurdijk et al 2012). But still, only a few companies have managed to succeed in developing viable online business models (Miyamoto Whittaker 2005). Perhaps we can say that the newspaper publishing industry is under turmoil due to the penetration of broadband and the rise of new devices for delivering digital content. Consumers are quickly embracing technology and switching to digital media. However, this transition from traditional print media to digital media varies with age (Fenez et al 2010). The younger generation is particularly the most affected. But as noted by Keynote, the impact has also been felt among the older consumers. Of course these changes will tend to benefit the consumers. Such newer forms of decentralized news will liberate readers from partisan news monopolies which have dominated the industry (Currah 2009). Consumers will also benefit from increase in the availability of ‘free’ news and news consumption that can be tailored to fit own preference (Currah 2009). But at the same time there is a concern regarding the quality of output, in particular, whether the desired output can be sustained by market. It should be noted that, unlike the traditional news organizations, many actors involved in the online content lack the large fixed cost base needed to provide in-depth and varied reporting of news (OECD 2010). In this regard, will vulnerable news genres such as reporting on local government, investigative journalism and reporting on areas not of immediate economic or political interest, survive (Leurdijk et al 2010)This is an issue that requires further documentation. Current issues and what the future holds Following the recent recession that led to declining business profit, the advertiser’s budget has today shrunk (Smith 2013). The impact of the recession has been a decline in readership due to high prices of newspapers. Also, the recent phone hacking scandal that implicated tabloid newspapers has undermined trust in journalists and led to a declining demand in major papers (Smith 2013). More recently, the introduction a new generation of eReaders such the iPad, tablet computers and kindles has provided an alternative for accessing information online (Sabagh 2011). With influx of such portable technology, the decline print newspaper is likely to accelerate, adding pressure to the traditional models that have supported many titles (Sabbagh 2011). The impact of these changes has already been felt by a number of local newspapers with 31 titles closing in 2010 (Sabbagh 2011). However, there are those that seem to handle the transition well such as the Financial Times which has seen a growth in digital subscription (Sabbagh 2011). For instance, in 2011, the average print circulation of Financial Times (FT) was 297,227 whereas that of the digital circulation was around 301,471, indicating a 31% increase in digital subscribers (Greenslade 2012). During the same year, the average global audience grew to 2.1m whereas that of the print stayed flat (Greenslade 2012). But while FT has made a successful digital transition, majority of the newspapers have not succeed in developing viable online business models. Given the declining demand, pressure has mounted on newspapers to adopt defence mechanism in order to protect their bottom line (Smith 2011). Publishers have been forced to optimize online advertizing platforms and some others have had to adopt paywalls (Smith 2011). Also, there are those that are opting to expand internationally in efforts to capture a new market in an information-centric society (Smith 2011). The structural challenges facing the newspaper publishing industry have no doubt resulted in a decline in circulation volume and a shift of advertizing to online channels. The growth in information technology is already having an impact on consumption behaviours as reading is losing against listening and watching of news via the Televisions, radios and the internet (ATKearney 2005). The trend is also forecast to continue in the coming future. As pointed out by ATKearney (2005), circulation of newspapers is likely to decline by over 25% in the forthcoming 20 years due to a decline in readership and the growth of digital generation. With newspaper revenue declining, there is a higher possibility of heavy consolidation to occur through company ‘attrition’ and Merger and acquisition activities (ATKearney 2005). The impact of the recent phone hacking scandal is likely to be minimal as popular titles still remain in fair commercial health. Tabloid newspapers such as ‘The People’, ‘The Daily’ and ‘Sunday Mirror’, and ‘Record titles’ in Scotland are still in fair commercial health. However, whilst the Leveson inquiry is expected to have minimal effects on the industry performance, a concern has been raised that the resulting regulation will be unbalanced between print news and that published online (Smith 2011). Conclusion Indeed we have seen that a number of factors have contributed to a decline in newspaper circulation such as recession, new technology (e-readers and smartphones), new internet intermediaries, new business models, and social factors such as increased participation in creation of digital content. These changes have had mixed effects in the industry. On the one extreme, consumers have benefited from availability of free information and consumption of news content which can be tailored to suit their own preferences. Also such newer forms of decentralized news have liberated readers from partisan news monopolies which have dominated the industry. On the other extreme, the traditional print media has been declining and this demise puts at risk an important foundation of democratic societies. Also, there is a concern that the desired quality output may not be sustainable as many actors involved in the online content lack the large fixed cost base needed to provide in-depth and varied reporting of news. Reference Anon, 2013. UK regional newspapers. Magforum ATKearney, 2005. Newspaper endgame: evolution scenarios for the European Newspaper Publishing industry. London Berte, K. and De Bens, E., 2008. ‘Newspapers go for advertising! Challenges and opportunities in a changing media environment’. Journalism Studies, 9(5), 692-703. Boczkowski, P. J., 2005. Digitizing the news: innovation in online newspapers. Cambirdge, Currah, A., 2009. What’s happening to our news: an investigation into the likely impact of the digital revolution on the economics of news publishing in the UK. Reuters Institute for the Study of Journalism. Elvestad, E. and Blekesaune, A., 2008. ‘Newspaper readers in Europe: a multilevel study of individual and national differences’. 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Working paper No.309, ESRC Centre for Business Research OECD 2010, The evolution of news and the internet. DSTI/ICCP/IE(2009)14/FINAL Office of Fair Trading (OFT), 2008, Newspaper and magazine distribution in the United Kingdom, Crown Publishers Sabbagh, D., 2011. iPads and Kindles force newspapers further away from print. The Guardian Smith, G., 2013. Newspaper publishing in the UK industry market research report now updated by IBISWorld. IBISWorld {viewed on 24th April 2013} available from http://www.prweb.com/releases/2013/2/prweb10407604.htm How to cite Analytical overview of the newspaper publishing industry in the uk., Essay examples