The UK has always benefited from a strong, well established and diverse press sector. However over the past decade the way in which people consume news has been transformed.

Many UK newspapers have a strong online presence but falling print circulations and changes to advertising trends have caused the press sector to experience declining revenues. Recent estimates suggest that current average annual revenue per digital media user is only c.£15, compared to c.£124 per print media user.

Latest figures show that around two thirds of local authority areas don’t have a daily local newspaper.

The review, launched on 6 February, will investigate the overall health of the news media, looking at the range of news available and how the press is adapting to the new digital market – including the role and impact of online platforms such as Facebook and Google, and the digital advertising supply chain.