Big fall in US newspaper ad revenue

Newspaper advertising revenue in the US fell 7.9% in 2007, the second-worst year in more than half a century, according to the Newspaper Association of America. And those figures include continued growth in online advertising. Newsprint ad revenue dropped 9.4 %, the biggest drop in any year since 1950. Internet ad revenue on newspaper sites rose 18.8%, a marked slowdown from the torrid pace of the previous three years. (Via New York Times)