“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/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
White House faces high bar on Syria after Bush Administration’s Iraq lies
Brawl breaks out in Taiwanese legislature over planned nuclear plant
Credit agencies dropping claims that they are 'independent'
Airport security accidentally fires flight attendant’s gun at Philadelphia airport
US government invokes special privilege to stop scrutiny of data mining
When Are Tax Penalties Excessive?
Drones: A Booming Business?
TSA detains sick girl because she tested positive for explosives, mother says
Medical research on animals often biased, scientists warn
IRS sets up dedicated cybercrime unit to combat identity theft
Unions: Obamacare Will ‘Destroy The Very Health and Wellbeing’ of Workers
Actuarial study: Obamacare law to bring double-digit percent increases to insurance premiums
Exclusive: Dozens of CIA operatives on the ground during Benghazi attack
Bank of Montreal CEO: Bank is open to Bitcoin, conditionally
IRS To Extract $207 Billion From Small Businesses By Enforcing Obamacare