The advertisement and circulation revenue had already declined due to recession and the digital onslaught, it noted.
The Competition Commission of India has ordered a probe into complaints against Google for allegedly abusing its dominant position in the online news market.
It also asked the technology giant to ensure more transparency in the revenue reports provided to publishers.
Press Council Chairman Justice Markandey Katju, who faced a walk out by four publisher members from its meeting on Thursday, has maintained that his controversial remarks were not directed against the entire media but only about a majority.
The Indian Newspaper Society (INS) on Thursday expressed "deep concern" over the proposed amendments to the Press and Registration of Books Act cleared by the Union Cabinet, saying some of its provisions on suspension of publications are "draconian" and go against the right to freedom of speech under Article 19(1)(a) of the Constitution.
The opposition to the stringent media accreditation terms of the Indian Premier League (IPL) on Thursday gathered momentum with the Indian Newspaper Society (INS), a representative body of newspaper publishers, threatening to take an "adverse view" on the coverage of Twenty20 matches, beginning on April 18.
The National Readership Study and the Indian Readership Survey, the two primary readership surveys in the country, may make way for a common survey.
In its latest report, the IRS survey shows a decline in readership for all newspapers, magazines and periodicals, a fact that has not gone down well with INS.
A total of over Rs 1,641 crore of premium is pending against five lease holders of MMRDA
The return of Indian Readership Survey numbers has met with a silent response.
'India's print media appears to be on the ventilator, gasping for breath, cutting staff, cutting salaries, cutting editions, cutting off its hands and legs,' notes Krishna Prasad.
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