“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.”