Newspaper advertising revenues plunge
Wednesday, July 30th, 2008
Newspaper holding company AH Belo announced yesterday that ad revenues were down 21% in the second quarter. That 21% is the biggest decline I’ve seen yet. (Belo publishes four daily newspapers, including the Dallas Morning News and Providence Journal.)
For broader context: here’s an article about the ill newspaper industry in the International Herald Tribune, ironically, a newspaper I used to write for. Yes, the article includes that dire phrase “since the Great Depression.”
More thoughts on the phrase “worst since the Great Depression”.