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March 31, 2009
Newspapers Again
I think that I might be like one of those people who slow down to ogle the car accident...
The Sorry State of the Newspaper Industry: Advertising Income Fell 16.6% in 2008
"Total newspaper advertising revenue fell 16.6% in 2008. Classifieds advertising, which is under a lot of pressure from online ventures like Craigslist, fell almost 30%, and real estate classifieds fell 38%."
The Detroit papers ended home delivery on the ill timed day that GM's CEO resigned.
Both Chicago papers are in bankruptcy.
Seatle P-I is online only now. The Christian Science Monitor is online only now. Other papers are in distress.
I wonder how many libraries have created local news feeds on the website. Tell me about them in the comments.
Stephen
Posted by stephen at March 31, 2009 1:11 PM