Contraction in the newspaper industry is painful to watch

Watching the ad revenue fall is not pleasant. There also seems to be no sigh of a floor yet either.

From TechCrunch: The newspaper industry took in $1.7 billion less in print ads during the second quarter than the year before For the first half of the year, the industry is down $3.1 billion.

From Reflections of a Newsosaur: Based on the results in the first half of the year, it appears that total newspaper revenues will be less than $40 billion in 2008, the lowest in a dozen years.

The chart below is from same article by Newsosaur:

Comments are closed.