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==21st century== In 2005, the UK-based online newspaper [[PinkNews]] was established. It is targeted towards the [[lesbian]], [[gay]], [[Bisexuality|bisexual]] and [[transgender]] [[LGBT community|community]] ([[LGBT]]) in the UK and worldwide.<ref name="Press Gazette 1">{{cite web|last=Luft|first=Oliver|title=Pink News five years on: 'revenue could rise ten-fold'|url=http://www.pressgazette.co.uk/story.asp?storycode=45764|archive-url=https://archive.today/20120910091729/http://www.pressgazette.co.uk/story.asp?storycode=45764|url-status=dead|archive-date=10 September 2012|publisher=Press Gazette|access-date=21 December 2011|date=28 July 2010}}</ref><ref>{{cite web|title=PinkNews |url=http://www.pinknews.co.uk/about-us/|access-date=28 April 2015}}</ref> ===The phone hacking scandal=== {{main|News International phone hacking scandal}} The [[News International phone hacking scandal]] is an ongoing controversy involving the ''[[News of the World]]'' and other British newspapers published by [[News International]], a subsidiary of Murdoch's [[News Corporation (1980β2013)|News Corporation]]. Employees of the newspaper were convicted of engaging in [[phone hacking]], [[Police corruption#Bribery|police bribery]], and exercising improper influence in the pursuit of publishing stories. Advertiser boycotts contributed to the closure of the ''News of the World'' on 10 July 2011, ending 168 years of publication.<ref name=bbctimeline>{{cite news|url=https://www.bbc.co.uk/news/uk-14124020 |title=Phone-hacking scandal: Timeline |work=BBC News Online |date=12 July 2011 |access-date=16 July 2011}}</ref><ref>Nick Davies, ''Hack Attack: The Inside Story of How the Truth Caught Up with Rupert Murdoch'' (Macmillan, 2014)</ref> The [[Leveson Inquiry]] was a judicial public inquiry into the British press; a series of public hearings were held throughout 2011 and 2012. The Inquiry published the ''Leveson Report'' in November 2012, which reviewed the general culture and ethics of the British media, and made recommendations for a new, The independent, body to replace the existing [[Press Complaints Commission]], which would be recognised by the state through new laws.<ref>Ryan J. Thomas, and Teri Finneman, "Who watches the watchdogs? British newspaper metadiscourse on the Leveson Inquiry." ''Journalism Studies'' (2014) 15#2 pp: 172-186.</ref> ===Declining circulation=== During the early 21st century, newspaper circulation dropped rapidly. The sector's advertising revenues fell 15% during 2015 alone, with estimates of a further 20% drop over the course of 2016.<ref>{{cite news | url=http://www.ft.com/cms/s/0/9eb80e10-3f72-11e6-9f2c-36b487ebd80a.html#axzz4DMCDxiVB | archive-url=https://ghostarchive.org/archive/20221210211227/https://www.ft.com/content/9eb80e10-3f72-11e6-9f2c-36b487ebd80a#axzz4DMCDxiVB | archive-date=10 December 2022 | url-access=subscription | title=Trinity Mirror aims to avoid Brexit hit | newspaper=Financial Times | date=July 2016 | access-date=3 July 2016 | url-status=live }}</ref> ESI ceased print of ''[[The Independent]]'' that year- the newspaper having suffered a 94% drop in sales from its peak in the 1980s. The decline of the newspaper industry has been linked to the rise of internet usage in Britain.<ref>{{cite news | url=https://next.ft.com/content/413bd26c-318a-11e6-ad39-3fee5ffe5b5b | title=Fleet Street rivals join forces to combat slowdown | newspaper=Financial Times | date=19 June 2016 }}</ref> In 2017, [[European Broadcasting Union]] research found that people in the United Kingdom trusted the written press least of any European country, by a considerable margin. Within the United Kingdom the written press was trusted less than television and the radio.<ref name=pg-20170526>{{cite news |url=https://www.pressgazette.co.uk/survey-finds-that-uk-written-press-is-by-some-way-the-least-trusted-in-europe/ |title=Survey finds that UK written press is (by some way) the least trusted in Europe |last=Ponsford |first=Dominic |newspaper=Press Gazette |date=26 May 2017 |access-date=13 August 2018}}</ref>
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