USA Today to "Shift Business Model Away from Print" and Emphasize Mobile

NYTimes.com:

... lately the paper has lost its grip on the national media market. Its advertising revenue has collapsed. Its circulation has plunged — last year it forfeited its title as the nation’s most widely circulated newspaper on weekdays to The Wall Street Journal.

Faced with this dour reality, USA Today announced on Friday the most extensive reorganization in its 28-year history. The paper will eliminate about 130 jobs, or 9 percent of its work force, and shift its business model away from the print edition that has become ubiquitous in airports, hotels and newsstands across the country. The paper’s focus will now be on its digital operations.

It will emphasize breaking news on its Web site, aiming to post articles within 30 minutes of a breaking news event. It will create a stand-alone sports edition called USA Today Sports. And it will shift more of its resources toward making content more available in digital form, an effort to win a larger share of the tablet and mobile phone news market. ...