NEW YORK: A trio of major US newspaper publishers have unveiled weaker first quarter results, due to difficult classified advertising conditions brought about by a sluggish housing market.
Overall, classified revenue at Tribune
fell nearly 14%; at New York Times
it slid 11.6%; while Gannett
saw a drop of 3%. Classified revenue from real estate was down 15% at Tribune, 13.3% at New York Times and 1.5% at Gannett.
Data sourced from Wall Street Journal Online; additional content by WARC staff