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First Posted: 8/20/2014 The sky is always falling and newspapers are always dying.
For more than a decade, that has been a common and constant refrain. While working at washingtonpost.com, the Guardian US, and now, the Newspaper Association of America, I have been asked frequently about the state of the industry as people search for the worst.
Though newspaper media are enjoying the largest audiences ever, as well as continuing to play a unique and critical role in our communities, certain facts always tends to be obscured or outright ignored: Newspapers are still making money and newspapers remain a good investment.
A year ago at this time, John Henry and Jeff Bezos made high-profile acquisitions of The Boston Globe and The Washington Post, respectively, which confirmed that newspapers are viable investment options with the ability to grow. Earlier this month, The Washington Post announced record web traffic for July as well as its hiring so far this year of more than 60 people.
A company hiring 60 people in seven months sounds like a healthy one to me.
This summer, the newspaper industry has seen a wave of spin-offs, with Tribune and Gannett both forming publishing-only companies. E.W. Scripps and Journal Communications spun their combined publications off into a new company, Journal Media Group. This is an exciting time for the newspaper industry as these companies will now devote their undivided attention to their publications.
However, as with the investments last year, these spin-offs have been spun into more gloom and doom for the industry. It is simply not accurate.
In fact, buried in the depths of one particular article that signaled the death of newspapers is this gem of a sentence: &#8220;Newspapers continue to generate cash and solid earnings.&#8221;
Think about that for a moment &#8211; an industry that generates cash and solid earnings is on its death bed? I refuse to accept that.
What is true is our industry&#8217;s business model has changed dramatically in the past half-dozen years. In 2007, 80 percent of newspaper media revenue was generated from advertising. In 2013, less than half of total revenue (46 percent) was from advertising in the daily and Sunday print newspaper. Revenue from readers paying for print and digital news and information accounted for nearly three out of 10 revenue dollars, up from less than two in 10 in 2007. Income from new, non-traditional sources is now rising rapidly.
What is also true is that the public&#8217;s thirst for news keeps rising.
Data from the digital measurement firm comScore show that 161 million people visited newspaper websites in March. We are witnessing audience increases across the country, from the aforementioned Washington Post to The Times-Picayune, which announced 5.6 million unique visitors to NOLA.com this July.
The evolution of the newspaper industry continues every day. The explosion of mobile readership thanks to smartphones and tablets have caused newspapers to create new mobile strategies. There is increasing demand from readers for more targeted content, which has given rise to niche sites and blogs developed by newspapers devoted to special areas of interest, such as food, high school sports and fashion.
For me and many in the newspaper industry, it is a fascinating and exhilarating time. We are in the midst of a dramatic, historic shift for an industry that has been around as long as the United States.
The world has changed and newspapers have changed. The notion of what a newspaper company is should change for the general public. It is no longer simply about print. It is about all platforms. People don&#8217;t think, &#8220;I&#8217;m reading the newspaper&#8221; when scrolling through nytimes.com but they should.
Despite all the changes, one thing remains the same &#8211; newspapers still make money.

Bottom line: Newspapers going strong