Economist on the future of newspapers

Do you agree with its view that it is ‘a cause for concern, but not for panic’?
I partially agree with the statement, this is because newspapers are a cause of concern, due to them not making any money by newspapers. However, it isn't for panic, as people still will be reading newspapers, such as the older generation, and from the article it says "Newspapers have not yet started to shut down in large numbers, but it is only a matter of time." This suggests, people are still reading newspapers, as they may not have the skills to read it through the internet. Furthermore, people are still able to get news through other technological items. People are able to receive news through different methods, because of the modernised generation and the technological items we have. We can get news through different sources of e-media such as the Internet, social networking sites, mobile phone apps, this is all on the go, we can view it any time and anywhere, and thanks to the internet, we are able to view new which is old, we can also get the news through broadcasting such as radio and T.V. this allows people to visually see incidents that may occur and almost feel as if they're a part of it. Also, it is unlikely people will purchase newspapers now, because of the ongoing recession, this is a period of temporary economic decline, during which the trade and industrial activities are reduced. People won't have sufficient amount of money to purchase on newspapers, when they can get the news free in many ways. Also, people are able to now get newspapers for free, delivered to their houses.

However, it may be a sense of panic as the Internet news can be changed be users, and it may not be reliable. Moreover, news writers will be losing out, as nobody will be reading their news, which means they won't have jobs, as they won't be earning any money over the news. Also, this would mean the newspaper industry won't be making any revenue and won't be progressing, leading it to be the last source of resource people use to get their news, due to the lack in advertising and promotion, and the fact that everyone now has access to the internet and can view news through that.