Craigslist's free advertising has already ravaged newspaper classified revenues to the tune of 75% by some estimates (see previous posting). Worse still, it doesn't appear that newspapers will ever be able to regain that income which makes up 35-40% of American paper advertising revenue.Technorati tags: newsbiz
Keeping an eye on blogs, citizen media,citizen journalism, citizen reporters and anything about technology that's news for the news business since 2002. Acting locally in Chicago, thinking globally.
Tuesday, September 13, 2005
editorsweblog.org: Craigslist is just the beginning of newspapers' technological torment
Craigslist is just the beginning of newspapers' technological torment :
Finally, someone in the business who is thinking ahead. read the part of this story about the 'e-paper' device and its economic model.
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