Grim Revenue Numbers For Papers As Publishers Meet Secretly
Hot on the heels of news that newspaper executives from across the country met secretly in Chicago yesterday, the Newspaper Association of America released troubling revenue numbers for the first quarter of 2009.
According to the NAA, total revenues for papers in the U.S. dropped 28.3 percent during the first quarter of the year, down to $6.6 billion from $9.2 billion during the same period last year. (For reference, first quarter revenue hovered in the $11 to $10 billion range for the five years prior to 2008.)
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