Friday, November 28, 2008

Newspaper sales fell almost $2B in one quarter

Newspaper advertising sales dived by a record 18.1% in the third quarter in a historic, across-the-board rout paced by a nearly 31% plunge in classified revenues.Eking out $8.9 billion in print sales in the three months ended in September, the industry shed a bit less than $2 billion in revenues from the same period in the prior year, according to statistics published quietly on the afternoon

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