Bill Gates: "In 5 years, 40 to 50% of people will read their news online" [...] To conserve their readership, newspapers must develop their electronic approach.
Le Figaro: Do you still read the newspaper?
Gates: More than half of what I consume, I read on the Internet: The Wall Street Journal, the New York Times and the Economist.
Papers not a must read: A generation of young adults turns to the Internet as its primary news source
[T]he industry's circulation woes keep getting worse, with the number of copies sold on an average day falling by 1.35 million during the five years ending in 2004, according to the Newspaper Association of America.
Meanwhile, ad revenue is stagnant, and newsprint costs are rising. Not surprisingly, the industry has been chockfull of news itself lately, particularly in the form of layoffs.
