Newspapers Lose Millions to Craigslist

Consulting group Classified Intelligence said newspapers have lost between $50 and $65 million in employment ad revenue along with millions more in real estate and other classified categories. Together, online job boards bring in $217 million in recruitment revenue compared to newspaper's $1.1 billion. Classified Intelligence predicts online job board revenue will eventually surpass newspaper recruitment advertising revenue.

by Steve Hall    Dec-28-04   Click to Comment   

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