Finance Geek

All American newspapers fared terribly in the first half of 2009.

• 105 newspapers shuttered.
• 10,000 newspaper jobs were lost.
• Print ad sales fell 30% in Q1 ‘09.
• 23 of the top 25 newspapers reported circulation declines between 7% and 20%.

What happened?

The economy collapsed and advertising budgets went with it, accelerating a process already underway: the Internet’s erosion of the entire newspaper industry. The Atlantic’s Megan McCardle explains:

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