Media: The Paper Trade

DIGITAL MAY BE THE NEW PRINT, BUT DON'T TRY TO TELL THIS EXEC THAT PAPERS ARE YESTERDAY'S NEWS. HERE'S HIS READ

Doomsayers proclaim that the newspaper business is dying, as readers get older and youngsters fail to pick up the newspaper habit. But Doug McCorkindale sees it differently. Next month the 34-year veteran of Gannett Co. steps down as CEO; he remains chairman for another year. Reflecting on his long involvement with the nation's largest newspaper publisher (which owns more than 100 dailies, including flagship USA Today), McCorkindale spoke with TIME's BARBARA KIVIAT about the prospects of a company that gets 68% of its revenue from newspaper ads and 18% from paid circulation.

Recent industry numbers show newspaper circulation down 2% year...

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