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US Newspapers See Classified Ad Revenues Shrink

News, 23 April 2007

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