Ad revenues dropping like rocks for newspapers

You knew that newspapers were losing a lot of traction because of the Internet, right? Well, the “news” is worse than expected, according to an article in AdWeek. And these changes to advertising revenue are expected to be permanent, not passing. A sample of recent dives:

  • Gannett Co. where USA Today ad pages fell 17 percent compared to last year, and real estate classifieds at its community papers plunged 20 percent.
  • Tribune Co., where help-wanted classified tumbled 19 percent, and real estate shrank by 24 percent. (Fitch has Tribune on a “Ratings Watch Negative,” anticipating a further downgrading of its credit.)
  • The McClatchy Co., where real estate collapsed by 26 percent, and automotive plunged 20 percent.
  • Dow Jones & Co., where ad volume fell 20 percent on a 75 percent tumble in technology-related ads.

This is one business trend you don’t want to ignore. Another is the business blog–it’s not a passing fancy, folks. Give me a call at 773.292.3294 if you have questions about how to get started.

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