Newspaper Industry Hit Hard in 3rd Quarter

Hey all, thought you might be interested in this, Happy Thanksgiving:

Newspaper sales fall 21% in historic rout
Newspaper advertising sales dived by a record 21.1% in the third quarter in a historic, across-the-board rout paced by a nearly 31% plunge in classified revenues.

Barely eking out $9 billion in print sales in the three months ended in September, the industry shed more than $1 billion in revenues from the same period in the prior year, according to statistics published quietly on the afternoon before Thanksgiving by the Newspaper Association of America (continued).

http://newsosaur.blogspot.com/2008/11/newspaper-sales-fall-21-in-historic.html
http://www.naa.org/TrendsandNumbers/Advertising-Expenditures.aspx
http://www.slideshare.net/hblodget/mary-meeker-web-20-presentation-presentation