ARLINGTON, VA. (AP) - The longtime CEO of the newspaper industry's main trade group is retiring.
John Sturm announced Tuesday that he will step down in September after heading the Newspaper Association of America for 16 years. The group expects to name Sturm's replacement next week.
Sturm, who is 64, was previously the group's top lawyer and senior vice president of public policy.
His tenure coincided with the rise of the Internet as a hub for information, entertainment and advertising. Newspapers' main source of revenue, print advertising, has fallen because of the shift.
The industry's annual ad revenue has fallen nearly 50 percent over the past five years.