Posted on 06/02/2009 11:47:27 PM PDT by genghis
Newspaper ad sales have been falling for years, but never as fast as they did last quarter. Print ad sales fell 30% year-over-year in Q1, led by a 42% year-over-year drop in classified ad sales, according to the Newspaper Association of America.
Meanwhile, newspapers' online ad sales dropped 13% year-over-year in Q1, their first double-digit decline since the Newspaper Association started measuring them in 2004.
Who wants to run or read a classified ad today, when he can use craigslist?
The liberal biased newspapers pretty much hated American capitalism, now they should be happy, capitalism's hated consumers are passing them by.
One or two more years of this, and the dinosaurs will be gone.
Somewhere in one of the blogs yesterday there was a comment by a reporter type about this. He mentioned it to his publisher and the publisher’s reply was, “Wait ‘till you see the second quarter.”
More good news coming, I should think.
The Web is more energy efficient, and it saves innumerable trees.
My local paper shrank to minuscule size on Monday, and they called it improvement. For a different reason, so do I. Even my liberal mom who still subscribes to it chuckled all day at its new childish “presence.”
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