-30-. For newspapers, the news has swiftly gone from bad to worse. This year is taking shape as their worst on record, with a double-digit drop in advertising revenue, raising serious questions about the survival of some papers and the solvency of their parent companies.
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New York Times 6/23/08
Dean Singleton June 2008
Posted: 1 Million
Annual Revenue: $25 Million
Local Online Advertising
Borrell Associates 2007 Figures
Jeffrey Cole, Director,
Center For the Digital Future, USC Annenberg