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Here’s Plan B For Newspaper Publishers: Pray That The U.S. Government’s Bailout of Fannie Mae and Freddy Mac Reinvigorates the Real Estate Market, And Fast
Philip M. Stone September 9, 2008
Ten days back we wrote that that the nightmare scenario for newspapers was drawing ever closer – that not only is print revenue down but online growth was slowing to trickle. Well, now the Newspaper Association of America (NAA) has just dropped the other shoe, reporting newspaper online revenue in Q2 actually fell 2.3% from the year before. We are now living the nightmare.
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