The anarchists have won the day in the media business and consumers are better for it.
Republicans and Democrats could have been running around hugging each other and farting rainbows and this would have occurred. I don't see politics having anything to do with it. Newspapers were fine until the same information could be obtained in a fraction of the time online. We will not wait one second longer than necessary for what we want. This comment has been removed by the author. Yes, I am sure government will do an excellent job of policing itself.
I can get this "news" for free on the internet if I get that desperate. All the national and international stuff there is just Democrat talking points from the AP. I no longer need to read my local fishwrap. I'm not sure that you're looking for the right solution. While replacing it with something else that is the propaganda arm of someone else The bigger story - underlies the news freefall and that's how advertising has changed.Īnd more than just news outlets will be affected.Īnd.it's not clear Facebook has the right answer either. Good riddance to the propaganda arm of the Democratic Party! Total spending for print and online advertising this year will still onlyīe about $22.4 billion, less than the $22.47 billionĮconomic Lesson: It's another one of those huge Schumpeterian gales of creative destruction. $63.5 billion back to less than $20 billion in 2012.Įven when online advertising is added to the print ads (see red line in chart), the combined Inflation) to $63.5 billion in 2000, and then only 12 years to go from Here's another perspective: It took 50 years to go fromĪbout $20 billion in annual newspaper print ad revenue in 1950 (adjusted for Year's ad revenues of $19 billion will be less than half of the $46īillion spent just five years ago in 2007, and a little more than one-third of Itself, but the sharp decline in recent years is pretty stunning. The decline in print newspaper advertising to a 62-year low is amazing by Print newspaper advertising since the NAA started tracking ad revenue in 1950. $19.0 billion in 2012 will be the lowest annual amount spent on The chart as millions of constant 2012 dollars. The advertising revenues have been adjusted for inflation using the CPI, and appear in Through the second quarter of this year, from the Newspaper Association of America (NAA).
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