- Box Office: down by
7% this year (tickets per capita have fallen every year
- Newspapers: circulation, which peaked in 1987, is declining
faster than ever and is down
another 2.6% so far this year.
- Music: Sales are down
another 5.7% this year; although digital downloads (still just 6% of the
business) are climbing nicely.
- Radio: down
4% this year alone, continuing a multi-decade decline.
- Books: down by 7% in 2004
- DVDs: sales
growth is slowing dramatically, from 29% last year to single digits this
- Magazines: Ad
revenues are up a bit although the number of ad pages is flat (they’re
charging more per page). Circulation
is also flat, while newsstand sales are at an all-time low.
- Videogames: it’s the final few months of the current
generation of consoles, which tends to the trough of the buying cycle. Sales were down 20% in
Sept, but will probably pick up by Christmas with the launch of the Xbox
All the relatively new competition has whittled down any single media’s former dominance:
–TV: used to have 3 channels, now there are 1000s; of course viewership is down;
–Internet sources of information, data, news, and entertainment is stealing readers from newspapers and magazines;
–Satellite, P2P, and iPods are cannibalizing Radio
Is it any wonder that the pie keeps getting sliced increasingly thinner? And that’s before we address the issue of a general decreased quality (though there are exceptions) brought about through profit maximimizing moves.
As we noted in Attack of the
Blogs Informed Citizens, anytime a vacuum in a any media format developes — or even a "quality void" forms — the internet seems ready to rush in to fill it . . .