U.S. newspaper market saw a biggest drop by 30 percent from 2007 to 2009, while the UK declined 21 percent, according to the latest report release by the Organisation for Economic Cooperation and Development.

Greece, Italy, and Canada came next with 20 percent, 18 percent and 17 percent, respectively, Media Bistro reported.

According to the report, The Evolution of News and the Internet, 20 out of 30 OECD countries suffered from declining newspaper circulations, Media Guardian reported.

The newspaper market worldwide almost stayed stagnant from 2004 to 2007, and has declined by 5 percent since then, in spite of the growth in developing countries.

OECD said that job losses in newspapers have also "intensified" since 2008, especially in the UK, U.S., the Netherlands and Spain.