Running a business is no easy task, otherwise just about everyone would have done so already. It takes plenty of skill to guide a company through turbulent times and choppy waters, and it seems that The Independent will call it a day where print production is concerned, resulting with a minimum of 75 journalists being made redundant in the process. That is three decades’ worth of print legacy ending, and The Independent will make a shift to an online-only presence, as part of the group’s move to ensure a “sustainable and profitable future”.
First launched in 1986, The Independent’s last daily title will be on 26 March, and owner Evgeny Lebedev shared, “The newspaper industry is changing, and that change is being driven by readers. They’re showing us that the future is digital.This decision preserves the Independent brand and allows us to continue to invest in the high quality editorial content that is attracting more and more readers to our online platforms.”
Amol Rajan, who is an editor of the Independent, also tweeted as you can see below.
The @Independent is going digital. Fastest-growing quality uk newspaper site for past 3 years. Revenues 50% up last year …
— amol rajan (@amolrajan) February 12, 2016
Of course, one should also take into consideration that print media is not the only market that is riding into the sunset, but new media in the electronic format has its fair share of challenges as well. For instance, we have heard of how Grooveshark has already shut down, as well as Yahoo closing the doors of its “Screen” online video platform and Yahoo Games, among other examples. There will always be a place for the traditional newspaper, but hopefully not just because we need something to wrap our fish and chips with.
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