The TV has been left behind. It’s a dumb device in an era when notebooks, tablets and smartphones can do so much more, and younger people have responded, surfing the Web, watching YouTube and engaging in social media more than they watch television. All this means TV has been losing its relevance in the digital era.
It’s easy to blame craigslist, but the real culprit is economic short-sightedness
For newspapers it has been death by a thousand cuts: American readership has been falling by more than 700,000 a year since 2000, according to the Newspaper Association of America (NAA), and revenue was already down when the recession came along and shot another body blow to advertising income.