“The study, to be published in the journal Management Science covering the period 2000 to 2007, found Craigslist has had a huge impact on local US newspapers, which have in the past relied heavily on classifieds. Over that period the researchers noted a 20.7 percent drop in classified ad rates, a 3.3 percent increase in subscription prices and a 4.4 percent decrease in circulation, according to a summary of the research released this week by New York University. ‘We ascribe this impact to Craigslist,’ Seamans told AFP. ‘When Craigslist enters a market, the effect on a newspaper’s classified ads is almost immediate,’ he added.”

http://www.rawstory.com/rs/2013/08/14/craigslist-has-cost-u-s-newspapers-5-billion/

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