Ouch! Newspaper revenues take biggest plunge on record | Tech news blog – CNET News.com
Uncle Fester points us at this grim news:
“Total print advertising revenue last year dropped 9.4 percent to $42 billion from the year before, according to the Newspaper Association of America. That’s the biggest decrease since the NAA began measuring ad expenditures in 1950.
“Total advertising revenue, including online revenue, decreased 7.9 percent in 2007 from the year before.”
I want to see the percentage state of online revenue in the newspaper industry — that last paragraph infers a decline in online revenue for newspapers, which I know is not the case in the UK at least.
I’m surprised it’s not even greater.
Hi David,
If you check the CNET article, there’s a link to the data from the Newspaper Association of America — which answers your question.
**Online ad revenue grew 18.80% in the last year.
It was just a much smaller piece ($3.166 billion) than the print total ($42.209 billion), hence the overall decline of 7.9%.
See the full break-out 1950-2007 at: http://www.naa.org/TrendsandNumbers/Advertising-Expenditures.aspx
Thanks for alerting me to these stats!
best,
David Rogers
Columbia Business School
founder, Brite conference