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Bail Me Out, Mr. Paulson! “Hello? Bailout people? Mr. Secretary of the Treasury Paulson? Aren't you forgetting somebody? Like me? I'm a print journalist. Talk about financial meltdown! . . . The print journalism industry is taking a beating, circling the drain, running on fumes. . . . Not that print journalism actually emits much in the way of greenhouse gases. We have an itty-bitty carbon footprint. We're earth-friendly. The current press run of an average big city daily newspaper can be made from one tree. Compare that to the global warming hot air produced by talk radio, cable TV, and Andrew Sullivan."
Reality check:
Alert WORDster Steve Ross, a Boston-based media analyst, argues in a new post for The Institute for Analytic Journalism that newspaper income may not be as bad as the doomsayers pretend:
by Steve Ross analyticjournalism on Thu 13 Nov 2008 05:16 PM MST
IAJ co-founder Steve Ross has long argued that Craig's List HAS NOT contributed in a major way to the decline of North American newspaper advertising revenues. Here's his latest analysis:
This isn't rocket science. Craig's List had NOTHING to do with a supposed decline in classified ad revenue.
Here's the raw PRINT classified revenue data, right off the NAA website. (If anyone doesn't use excel 2007 I can send the data file in another format, but everyone should be able to read the chart as a jpg). Click here for bar chart
Note that the big change that pushed classified ad volume up in the 90s was employment advertising. Damn right. The country added 30 million new jobs in that period, and the number of new people entering the workforce declined because births had declined in the mid-1970s. More competition for bodies = more advertising needed.
Knock out the employment data and everything else stayed steady or INCREASED for newspaper classified. The past 7 years were not as good for employment ads, but still better than in pre-web days. . . .
All those corrections make this look even better for newspapers.
This is SO OBVIOUS that I just do not understand the "Craigs List has killed us" argument or even the "web killed us" argument.
It is (to me, anyway) a transparent lie. Either the newspaper barons are so inanely stupid that they don't understand their own business, or they are incompetent managers, looking for an excuse. Maybe both. (Click here for full column.)
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