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The Las Vegas TV market moved up in rank one slot to No. 42, which may be hard to believe now that it’s at the epicenter of the economic crisis. Hard hit by housing foreclosures and sharp drops in tourism and gaming, revenue on the Strip slid 9.3 percent through November. Unemployment is at 9 percent, its highest since 1983.
Even before the recession, the market’s two papers, the Las Vegas Review-Journal (owned by Stephens Media Group) and the Las Vegas Sun (owned by Greenspun Media Group), struck an agreement in ’05 that turned the Sun into an insert in the Review-Journal.
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