(CNN) Newspapers have never been hotter.

The Washington Post and the New York Times are regularly breaking massive stories about the Trump administration, fueling a sort of newspaper war -- the good kind! -- the likes of which we haven't witnessed in decades.

But, according to Pew's new study on the state of the media industry -- they've conducted an annual review since 2004 -- beneath the buzz are the hard realities of an industry in the midst of a sea change that is disproportionately impacting newspapers.

The story is stark -- and can be told in just 2 charts.

The first is this one, documenting newspaper circulation from 1940-2016.

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