FREEFALL: Newspaper Revenues Crash by 29%


by Ben Parr (http://mashable.com/2009/08/31/newspaper-revenue-crash/)

Newspapers may be dying out even faster than we thought possible, as the numbers we’re about to present are not pretty.

Last week, the Newspaper Association of America posted the quarterly financial data of the U.S. newspaper industry. It tracks both print and online revenues for the industry as a whole. But unlike past updates, the NAA did not promote these numbers. When you look at them, it’s easy to see why.

In Q2 2009, newspapers made $6.8 billion in print and online revenues. In the same quarter last year, the newspapers made $9.6 billion, a nearly $3 billion difference in the span of a year, or a full 29% from 2008 to 2009.

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