If you want abject numbers on the woe in the newspaper business, here they are from this morning's Gannett release:
2nd quarter 2008
- Profit down 36% to $233 million, $1.02/share from $366 million, $1.56/share
- Revenue down 10% to $1.72 billion
- Advertising overall down 14% -- 8% retail and a staggering 9% classified (staggering, but not surprising)
- Advertising down 17% at USA Today
Those are astounding, though as noted, not surprising numbers.
More from Gannett Blog.