"In the past decade, newspaper publishers have invested vast sums in digital and mobile news and advertising offerings.Although there have been revenue gains, they largely have failed to offset print revenue losses, industry metrics show.
For every $1 gained in digital revenue in 2011, $7 in print revenue was lost — a ratio that grew in 2012 to $16 lost for every $1 in online revenue, according to a study by the Pew Research Center’s Project for Excellence in Journalism.
Print advertising revenue in 2012 dipped under $20 billion, according to figures by the Newspaper Association of America."
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