Newspaper sales slid record $7.5B in ’08

Newspaper advertising sales in 2008 fell by a record $7.5 billion, or 16.6%, according to yearend figures reported today by the Newspaper Association of America.Print and online ad sales for the industry last year totaled $37.8 billion, as compared with a bit less than $45.4 billion in 2007.Sales declined at an accelerating pace in each quarter of 2008, tumbling nearly 20% in the last three