Do you read the newspaper anymore? Well, if you don't you're not alone. The newspaper industry is changing and it's happening fast. The Colorado Springs Gazette, you may have noticed, is different.
You'll notice that the daily paper is thinner than it used to be.
The Editor and Vice President of the Gazette, Jeff Thomas, says there are two very good reasons for that. "We are at a huge transition phase right now in this industry," said Thomas.
The first reason has to do with the World Wide Web. More and more people get their news on-line. "Last year was the first year that more people got their local news from the internet than from their newspaper," said Thomas.
"You can get everything you possibly need on the internet," said Colorado Springs resident, Casey Klug.
The second reason is because of the slowed economy. Thomas says they are getting far fewer advertising dollars now compared to several years ago because of the struggling economy. "Fifty percent news and roughly 50% advertising, and that's what we need to be at in order to remain profitable and viable," said Thomas.
So Thomas says the fewer advertising dollars they get, the fewer stories they can publish. And Thomas says they're not alone, he says newspapers across the country are slimming down and readers are noticing. "It's like the incredible shrinking newspaper," said out-of-towner, John Bridges.
Thomas says their two biggest costs are employee payroll and printing costs. "We buy it by the train load," said Thomas.
He also says it costs millions of dollars a year to print so the fewer pages they have to print translates to less money they have to spend.
The Gazette, according to Thomas, has gone from roughly 130-employees to around 80-employees in the last several years. Ads printed in the Gazette pays 80% of their bills. Subscriptions, on the other hand, Thomas says is a very small percentage of their income.
You might also notice at the bottom of some stories, it will tell you to go to their website for a more complete version of the story.
Sunday's Gazette will remain the same.
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