Newspapers are struggling because they are not generating enough advertising revenue, said Jack McElroy, editor of the Knoxville News Sentinel, to a gathering of journalism students Tuesday in Alumni Memorial Hall.
“Advertising is the big problem that newspapers have,” McElroy said.
Businesses have more places to advertise than ever, according to McElroy. Because of the increase in options, fewer businesses place advertisements in newspapers.
Before the Internet evolved and expanded, the newspaper was one of the few outlets for detailed information, according to McElroy.
“We had the only big printing press in town, it was a license to print money,” he said.
McElroy used the example of craigslist to show how the role of the newspaper has changed.
“When I was young, if you wanted to buy a car or find a place to live, you would go to the newspaper and find the classified ads,” he said. “If you think about it, your finger and that paper were sort of like a slow search engine.”
McElroy said newspapers used to rely on classified ads for revenue. All it took was one man with a computer in California to change all of that, according to McElroy.
“Newspapers used to make a lot of money doing that,” he said.
Last week, McElroy fired several employees of the Knoxville News Sentinel to “better adapt to the changing media landscape.”