Mark J. Perry has a fascinating chart showing the dramatic drop of newspaper revenue over the last five years. From 1950 to 2000 revenue from advertising grew steadily from $20 billion to $60 billion. This growth all evaporated in the last five years as revenue dropped back down to $20 billion.
I can remember delivering the local paper in the 1970s. Today's Sunday edition is often smaller than the dailys I used to drop at people's door steps.
Hat tip: Instapundit.
1 comment:
Amazing post. Thanks a lot for sharing.
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