Thursday, March 4

2009 Was Worst Year for Newspapers in Decades

According to the Newspaper Association of America advertising revenue fell 27.2 percent in 2009, or more than $10 billion, from 2008 – which was, at the time, the industry’s worst year since the Depression. Since 2000, classified revenue is down by more than two-thirds.

Online ad revenue fell 11.8 percent last year, though some publishers say that it is growing again in 2010. Internet ads accounted for 10 percent of all newspaper ad revenue.

Read more at the New York Times.