NewsCrunch

From TechCrunch:

The advertising outlook for newspapers is going from
awful to horrendous. The New York Times announced first quarter earnings today, revealing that total advertising revenues for its news media group (which includes the New York Times, the Boston Globe, and other regional newspapers) declined 28.4 percent, versus an 18.4 percent decline last quarter. So the rate of decline for is intensifying.

No comment other than I probably shouldn't rub it in. Especially since my company just announced a first quarter revenue drop of 30% from the previous year. Cars, trucks and newspapers. You don't want to be even close to them these days.

1 comments:

jkliza

10:12 AM

Don't worry -- John Kerry has called for hearings on the newspaper business (Boston Globe). That'll fix 'er!