Paid-for newspaper circulation went up 1.9% year-on-year to more than 510 million paid-for copies in 2006 and the number of new paid-for titles grew to more than 11 000 for the first time in history, WAN announced during presentations in London to investors, analysts and media correspondents.
Added O'Reilly, “Those of us in the newspaper business are very confident in the future – a future that is built on doing what we do best – producing relevant and compelling products for our local markets, aggregating growing audiences and showcasing them to advertisers.”
The numbers presented last Tuesday, 8 May 2007, are based on preliminary figures gathered by WAN from more than 200 countries and territories – everywhere newspapers are published – for its annual World Press Trends survey, which will be published next month at the World Newspaper Congress and World Editors Forum in Cape Town, South Africa (www.wn-press.org/capetown2007).
Tuesday's presentation revealed:
The full presentation can be downloaded from www.wan-press.org/london2007.
“There is no shortage of statistical data on circulations, on readership, on viewership, on time spent online – and while there are doubtless pluses and minuses in the detail for newspapers, the indisputable fact is that newspapers increasingly represent the mass market media channel of the future and not the past, delivering a large, broadly stable, reliable and definable demographic,” commented O'Reilly.
The new figures were revealed in presentations at WAN's Capital Markets Day in London, which is part of a global WAN initiative to promote the power of the newspaper and to rectify some of the absurd and damaging claims being made about its imminent demise.
The event drew investors, analysts and advisors from major investment banks and companies including Bear Stearns, Citigroup, Goldman Sachs, Merrill Lynch, Morgan Stanley, UBS, Deutsche Bank, JP Morgan, Alliance Bernstein, Fidelity International, and many others.
The campaign also includes a multi-language, multi-market advertising campaign that WAN is running to provide a necessary counterbalance to the misinformation about newspapers. The first ad ran in British and other major markets on Tuesday.
“The Facts About Newspapers, Not the Myths,” presentation also revealed that:
“I want to suggest that the risk profile for newspapers has now shifted to the upside – in other words, newspapers are back on the investment horizon,” said O'Reilly. “That is not to say that everyone is universally bullish about them yet, but with newspaper multiples nearing historic lows, they now represent a fantastic investment opportunity.”