It seems that while the newspaper industry continues to struggle to adapt to changing revenue models, news consumption in the U.S. remains fairly strong. This likely confirms what most thought, but it’s nice to put some numbers to the discussion, and hopefully serves as encouraging news for the industry itself:
According to a new comScore release, more than 123 million Americans visited newspaper sites in May, representing 57% of the total U.S. Internet audience, as the New York Times Brand led the category with more than 32 million visitors and 719 million pages viewed during the month. The average visitor viewed 22 pages of content on the New York Times. Tribune Newspapers ranked second in terms of audience with 24.8 million visitors, followed by Advance Internet and USA Today Sites.
Jeff Hackett, comScore senior vice president, said "… even as print circulation declines, Americans are actually consuming as much news as ever… it’s just being consumed across more media," said. "The Internet has become an essential channel in the way the majority of Americans consume news content today… 3 out of 5 Internet users read newspapers online each month… as advertising rates for digital move closer… (to) traditional media, the economics of the news business… look(s) a lot more promising."
The study shows that among the top site categories where display ads appeared in April 2010, online newspapers accounted for 2.4% of impressions but a higher 6.7% of display advertising dollars. The average cost per thousand impressions (CPM) on online newspaper sites was $7, higher than each of the other top site categories and nearly three times the average CPM for the total U.S. Internet at $2.52.