European Newspapers Handling Crisis Better Than U.S. Dailies

Associated Press has a story out today that says newspapers in Europe are not having the tough times their U.S. counterparts are with circulation losses, ad revenue declines and job cuts. It cites a new report on such data.

“The report, by the Organization for Economic Cooperation and Development, shows that while papers in Europe also have been affected by the fallout from the economic crisis, a decline in readership and advertising, and fierce competition from the Internet, they have generally been hit less hard than papers in the United States,” AP states.

“The U.S. newspaper publishing market declined by 30 percent between 2007 and 2009, the report said. Britain was not far behind, losing 21 percent of its market in the same period, while Greece and Spain's markets fell by 20 and 16 percent, respectively.

”However, much of Europe fared better, with the publishing market declining by 10 percent in Germany, 7 percent in Portugal, Sweden and Finland, 4 percent in France, and just 2 percent in Austria, the report said."

Great, now how about some solutions for the U.S. dailies.