Circulation at Scottish daily The Scotsman was down 12.21pc year-on-year, the latest ABC figures have shown.
The figures, which are published each month for national titles, show that the paper’s average circulation for the six months to August was 35,949, down 12.21pc year-on-year.
When last month’s circulation of 36,344 is compared to last August’s sales of 42,581, the decrease is even greater at 14.65pc.
However, the Olympics provided a boost to the Johnston Press-owned title last month, with a sales increase of 6.5pc compared to its July figure of 34,127.
It comes after data released by the National Readership Survey this week showed the paper’s website, Scotsman.com, had more readers in a month than its print readers.
The ABC figures also showed sister title Scotland on Sunday saw a decline in circulation of 22.35pc, falling from 55,866 in August last year to 43,382.
Journalist and broadcaster Andrew Neil told Newsnight Scotland he believed The Scotsman and Glasgow-based rival The Herald, which is now classed as a regional title for the ABCs, were in “terminal decline”.
He said: “Don’t forget, that the real strength – historically, not of the Aberdeen or the Dundee papers, but of The Scotsman and The Herald – is: We do what all the London papers do, we just do Scotland as well. And we’ll do it just as well, too.
“Given the revenue coming in, that is impossible. I do think they are in terminal decline and I cannot see any way in which it can be reversed.”