Newspaper Ad Revenue Down 55% Since Historic Peak in 2005

[Geee]

CNS News:

(CNSNews.com) - Total advertising revenues for U.S. newspapers have dropped 55 percent since hitting an historical peak in 2005—a fact that has now been punctuated by the back-to-back bargain-basement sales of the Boston Globe and the Washington Post.

In 2005, the nation’s newspapers brought in a record $49.435 billion in combined total ad revenue, according to data published by the Newspaper Association of America.

By 2012, according to the data, total newspaper ad revenue had plummeted to $22.314 billion, a drop of 55 percent--as advertising collapsed in the print editions of newspapers and was not replaced by revenue from online advertising.

Put bluntly, the Internet is killing American newspapers.