Newspaper Death Spiral Continues; Industry Advertising Contracts $5 Billion So Far This Year (TechCrunch)
Friday, November 28th, 2008The newspaper industry in the U.S. continues to shrink at an alarming rate. According to the Newspaper Association of America, , total industry advertising (both print and online) in the third quarter was $8.9 billion, down 18 percent from the year before. The oniine portion of that was $750 million, down 3 percent. So far in the first three quarters of 2008, the industry’s total advertising …