The latest Audit Bureau of Circulation numbers for U.S. newspapers tells a grim tale. From the Newsosaur blog:

Following an average drop of 10.6% in the last six months, daily newspaper circulation has fallen to a pre-World War II low of an estimated 39.1 million, according to an analysis of industry data released today.

The first double-digit circulation decline in history means only 12.9% of the U.S. population buys a daily newspaper. The analysis is based on data provided by the Audit Bureau of Circulations, an industry-funded group.

Newspaper circulation now is lower than the 41.1 million papers sold in 1940, the earliest date for which records are published by the Newspaper Association of America. Back in 1940, newspapers were purchased by 31.1% of the population.