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: Stephen's LighthouseNewspapers 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
Full post as published by Stephen's Lighthouse on March 31, 2009 (boomark / email).
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