Tuesday, April 23, 2013

Newspaper Ad Revenues Lowest in 62 Years

"The decline in print newspaper advertising to a 62-year low is amazing by itself, but the sharp decline in recent years is pretty stunning,” noted the report. “Print ad revenues fell by almost 50% in just the last four years, from $37 billion in 2008 to less than $19 billion last year; and by 66% over the last decade, from $56.3 billion in 2002."

Ah. So that's how the eebil Koch Bros. plan on crowning themselves media moguls: buying red ink dead tree recyclers. Too crazy by half clever fox. Or something.

From Alex Halperin at Salon.com: Koch Brothers eyeing Tribune company; Tribune owns the Los Angeles Times, the Chicago Tribune and several large regional newspapers.
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