Douglas said “There’s no doubt that the model is getting harder. I think the next year is going to be very difficult, as it will be for print advertising of all kinds. Undoubtedly some of these brands will retreat from print.”
He added “There’s a reason why these businesses continue to print: they see it as a unique proposition for advertisers and readers. Once you become an online-only business your proposition [isn’t] the same.”
McCabe, in a warning to other newspapers, said that the demise of the freesheets, although unlikely, would have an impact on the health of the broader print industry. “If there is a worst-case scenario that freesheets disappeared, it would be unhelpful for paid-for newspapers”, he said. “The news industry is an advertising category; softness in the free sheets makes the industry as a whole less appealing.”