Denver PR Blog


Newspaper Slump Deepens; Q2 Ad Sales Drop 29%
August 27, 2009, 9:07 pm
Filed under: Economic News, Newspapers

The Associated Press reports that “newspapers’ financial woes worsened in the second quarter as advertising sales shrank by 29 percent, leaving publishers with $2.8 billion less revenue than they had at the same time last year.” More troubling, industry analyst Ken Doctor says newspapers will be lucky to recover half of the losses they have sustained because much of the drop has been from a permanent advertising migration to the Internet rather than just recession-based losses.


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