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Are newsagencies soon to become a thing of the past?

A news agency in Sydney CBD

A news agency in Sydney CBD Source: AAP

Industry suppliers say more than one newsagency is closing every day across the country.


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By Leah Na, Hannah Sinclair

Source: SBS



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Industry suppliers say more than one newsagency is closing every day across the country.


The death of traditional newspapers and magazines is well-documented - but what about the outlets that sell them?

Newsagencies have had a tough few years and are closing in huge numbers.

 

Industry suppliers say more than one newsagency is closing every day across the country.

An IBIS-World Industry report has found newsagency revenue is anticipated to fall 1.3 per cent over the next 12 months.

By 2023, that industry revenue is forecast to decline by $100 million.

 

 

John and James Avery have more than 40 years' experience in the newsagency game and now they both manage the Nextra Newsagency at Chatswood Chase on Sydney's North Shore.

 

The Avery brothers experience tells that they're being forced to diversify in order to survive.

 

The SBS Korean program has more.

 


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