Daily newspapers lost 1.2 million readers in the six months that ended in March down to 45.5 million. Online newspaper readership grew to 56 million. (Source: www.economist.com) Britons aged between 20 to 22 say he spend almost 30% less time reading national newspapers once he start using the web. For millions of readers like Britons and You, American Newspapers are loosing revenue to a rate of 0%.