Newspaper Business Flourishing In Developing World

NEW DELHI -- While gloom haunts the newspaper industry in the United States and Europe, the business is flourishing in much of the developing world.

New newspapers -- some backed by governments, others by business moguls and international conglomerates -- are springing up from Rwanda to Tajikistan, attracting readers and advertising money.

In many of these markets, rising literacy rates dovetail with growing disposable income to create millions of potential readers. Circulation is rising by double-digit percentages at existing papers, while some Western media companies are forging partnerships and trying their hand at start-up companies as well.

Executives in India, one of the fastest growing newspaper markets, say reading a newspaper is something to aspire to instead of a throwback to a bygone era as it is perceived in much of the West.

Read the whole story here.

Comments

[myths123]

Arianna,

I must point out that the Huffingtonpost bloggers have a tendency to bash India and Indians no matter what the subject. The previous three posts in point are racist and offensive. If they were used against any other ethnicity like blacks or jews there would be an outcry. Don't understand why HP allows these. Is it because you urself subscribe to these views.

[Bluedog12]

What does Rupert own in Deli?

[mediamarv]

Sounds like Woodward would do well there.... more job oursourcing but this time, americans get the jobs. Just have to enjoy living in sweltering heat!! And like curry.

[incontempt]

cheaper then charmin, cleans almost as well...LOL