Fort Worth residents will soon have to trade the printed Saturday newspaper for a digital version — if they haven’t already.
McClatchy will end Saturday publication of print newspapers at its nearly 30 publications in 14 states across the country, including the Fort Worth Star-Telegram, according to an announcement from the publisher’s CEO Wednesday.
McClatchy’s publications make it the third-largest newspaper chain by circulation in the country. Other publications owned by McClatchy include the Miami Herald and the Charlotte Observer.
Craig Forman, the chain’s president and CEO, discussed the decision on a call with investors, saying it planned to end Saturday print editions at its publications by the end of 2020. Forman described the move as the next step since implementing “digital Saturdays” at four select McClatchy publications.
“We are seeing wide acceptance of digital Saturdays among our subscribers in the markets where the change has been implemented and/or announced, and in those markets where implementation has occurred we are seeing an accelerated conversion to our digital products,” he said.
McClatchy’s digital-only subscriptions grew more than 45% in the last year to 199,200, according to the company.
Additionally, McClatchy reported a year-over-year decrease in revenue in the third quarter and noted that its revenue from circulation had exceeded that of advertising for the first time in company history.
Newspaper publishers have struggled to cope with changing reader habits as more people in recent years prefer to consume news on social media and digitally. Much of the newspaper industry has introduced paid digital subscriptions to compensate for lackluster revenue from digital advertising compared to print advertisements.