So salaries are being reduced in the mainstream media companies, earlier there was talk of layoffs too.  Unlike the developed countries where major newspapers are closing their print editions, the mainstream media has flourished in India in the last few years.

However, at least for the English language papers, it is going to be a struggle soon, since they cater to the same English speaking internet using population.  The only advantage is that most people spend a lot of time commuting in major metros, so newspapers are still very convenient for reading when you are stuck in a traffic jam.