Alan Mutter lays it on thick in his latest post on Reflections of a Newsosaur about the latest financials from the U.S. newspaper business: revenues off some $2 billion in the quarter just ended, year over year, and a staggering 31-per-cent plunge in classified advertising. Even more troubling is the second straight quarter of online revenue decline.
Posted the Newspaper Association of America data about this yesterday, but Mutter has a pretty strong summary for those with strong stomachs.