Months after announcing a first of its kind move when a blogger bought a newspaper, a new announcement from the paper is just the latest in a new trend as The Albany Journal announced this morning that it was suspending print operations.
“This wasn’t a case of something we wanted to do,” said Journal publisher Tom Knighton. “It’s been a rough time for the newspaper industry, and our advertising revenue took a big hit after I took over the paper. We kept going for as long as we could, but we finally reached a point where we had two choices: We could go to online only, or we could shut the doors forever.”
The Journal’s announcement is simply the latest in a trend of newspapers having to cut back or completely suspend print operations. Knighton says he now understands more of why this is happening. “More and more people are getting their news online, and more and more advertisers are looking away from print,” Knighton said.
Knighton reports that the Journal will continue online. “We didn’t want this, but we’re seizing the moment,” Knighton said. “This is an opportunity to bring news to our readers seven days a week, not just one.”
So what does Knighton say to those who may think the move was in the works the whole time? “Just because I was a blogger doesn’t mean I wanted this. If I had, we would have done this a long time ago. We would have saved a lot of money if we had,” Knighton said.
Knighton assures subscribers that they won’t be left out in the cold. He says they will be sending word to each about how they plan on repayment of subscription fees.