The press will fold

 JEFFREY ST. CLAIR

+ In 2010, there were roughly 260,000 people working on newspapers in the US. Fourteen years later there are less than 80,000.

+ In 1930, each American household subscribed to 3.1 newspapers on average.

+ Journalism layoffs in the last 10 days: Sports Illustrated, Pitchfork, LA Times, National Geographic, TIME and Business Insider.

+ In 1964, Marshall McLuhan predicted the ultimate demise of newspapers: “The classified ads (and stock-market quotations) are the bedrock of the press. Should an alternative source of easy access to such diverse daily information be found, the press will fold.”