Because the Internet trains readers to consume news in ever-smaller bites with the rise of micro-blogging. This means the death of journalism as the Internet capture audience's attention and stop people from looking to newspapers and television for news. In addition, local newspapers have also been deeply weakened by the availability of free information on the Internet.
To top it up, the Internet is slowly taking over the role of "see it here first" journalism. 24-hour news station do not have the ability to cover all aspects of news. However, the Internet does. In a way, the Internet is like filling the blind corner of traditional journalism. Furthermore, advertisers are not longer willing to waste money on a mass produced product. The technology revolution has allowed markerters to target advertising by gathering information about potential customers and then matching a product to customers' needs or desires. The Internet can do this, but newspapers and television can't. In all industries, high profit and low cost matters the most. Advertising on the Internet makes 10 times less revenue than in paper for the same audience.
Is this really the end of traditional journalism? Take into consideration this: Journalism is living a deep crisis. Internet is part of the problem. It destroys value. Google, and other web search engines are "stealing" content from online newspapers and index them in their databases, republishing without asking for consent and gain revenue by putting advertisers below them. Journalists who have went through all the hard work are not paid for this new support. It is as plain as it is. Their work is used but no new revenue is coming.

