Originally published: March 16, 2011
Last updated: March 16, 2011 - 2:57pm
While ad sales rose in every other mass medium in 2010, newspaper revenues plunged to the lowest point since 1985, falling to nearly half of the all-time high of $49.4 billion achieved just five years earlier.
Combined print and online sales at newspapers slid 6.3% in 2010 to $25.8 billion, according to end-of-year statistics released yesterday by the Newspaper Association of America, the industry’s principal trade association. The last time sales were this low was 1985, when newspaper ad revenues were $25.2 billion, an amount that, adjusted for inflation, would be equal to $49.6 billion in today’s dollars. As the economy struggled out of the worst recession in a generation, newspapers were the only traditional advertising medium to suffer a sales setback in 2010. Instead of rebounding like the other media, newspapers extended what has proven to be an unprecedented five-year decline in ad sales.
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