“In case it wasn’t obvious that newspapers are struggling, a new report by the Newspaper Association of America shows just how dire the situation has become,” Media Post reports.
“In the first quarter of this year, [newspaper] ad revenues plummeted to $6.62 billion, marking a 28 per cent drop from last year, according to the NAA. And it wasn’t only print ad revenue that fell. Web ad revenue also dropped 13 per cent, to $696 million.”
- US newspaper ad revenue decline slows
- paidContent.org (via Washington Post): Online newspaper revenues fall 2.9 per cent at end of 2008 – drop predicted for 2009
- MediaGuardian: Independent News & Media falls into the red
- NYT second-quarter operating profit more than twice 2009 figure
- Trinity Mirror reports 10 per cent drop in advertising revenue