Koln, Germany; Lima, Peru

What does the future hold for print journalism?

It depends on where you ask.

In the US, many have already given up hope amid plummeting circulation figures and dwindling advertising revenues. But then, journalism’s two new Js—Amazon.com founder Jeff Bezos and Boston Red Sox owner John Henry—did not purchase the Washington Post and the Boston Globe just to lose money.

In Germany, Spiegel reports about a newspaper crisis: Local newspapers in Berlin, Hamburg, and Munich “have lost about 30 percent of their readers in the last decade.”

But then you have a tabloid called Trome in Peru, the best-selling Spanish newspaper in the world with nearly 700,000 copies sold daily. The Society of Journalism Businesses of Peru (SEPP) says newspaper circulation in Peru rose to 1.9 million in 2012 from 1.2 million in 2007, according to this report.

Also, a study projects newspaper circulation in Latin America will grow 10 percent in the next three years.

The newspaper might be old, even worn out, challenged continually as it is by every single innovation in mass communication.

But it might be true, what people say: first love—or in this case journalism’s first mass medium—never dies.