By MARISSA VONESH
Beginning Nov. 14, the Wall Street Journal will debut a new version of its print edition after a decline in print advertising.
The paper will combine different sections due to a reduction in pages.
The Business & Tech and Money & Investing sections will be combined into one section. Likewise, the art, lifestyle, sports and cultural news will be incorporated into a section dubbed Life & Arts. Futhermore, the Greater New York section will be minimized in size.
The Wall Street Journal‘s move is not unlike other print-based news media. The decline in print advertising is affecting newspapers across the nation. Companies are investing more time and energy into digital platforms and less in print publications.
Although there will always be a market for print, it is necessary for print news media to adapt to the trends of the time. Because digital platforms are increasing in popularity, companies need to develop new techniques to deliver stories to their audiences.
The issue with online news, however, is that the editing process can be mitigated. Online news media are published with the immediacy that readers expect, but often not for the better. Although sites can update articles in an instant, the issue of posting inaccurate information increases with digital news media in comparison to print (which is edited thoroughly).
On the other hand, focusing more on digital platform can allow for companies to invest more in content. Page numbers are no longer a problem, cross collaboration happens in an instant and articles can be updated with new information.
As long as news sources continue to produce quality content, investing in online endeavors may be the only thing companies can do to survive in the modern media world.