Newspaper racing towards death, advertising contracts shrink further | Startup Meme - Technology Startup and Latest Tech News

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Nov 28 2008

Newspaper racing towards death, advertising contracts shrink further

Sardar Mohkim Khan 

image thumb429 Newspaper racing towards death, advertising contracts shrink further

Another sign that the Newspaper is continuing to plunge further down as the advertising revenues shrunk by another $5 billion to come down to $27.8 billion. This is the tenth straight quarter where the print advertising has declined with the latest quarter taking the drop percentage to 18.11%. Is this the worse quarter yet? I bet not as the coming ones will sketch a far worse picture. And I wont be surprised if the old media will some day end up as a museum show piece even if a few people remain optimistic about them.

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