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My understanding is that Craigslist really killed the newspapers. What funded them was a combo of full page adds and the classifieds. I remember paying $30 to
by cwbrandsma 7y ago
My understanding is that Craigslist really killed the newspapers. What funded them was a combo of full page adds and the classifieds. I remember paying $30 to post a garage sale. Since Craigslist expanded you could see each newspaper get steadily smaller and smaller over the years.
- dragonwriter 7y ago> My understanding is that Craigslist really killed the newspapers. The newspapers had been steadily dying since the 1970s, but Craigslist certainly didn't help them any.
- milesvp 7y agoNot so. Newspapers reached peak profits in the 1990's. At least, this is common wisdom from many people I know who worked at one at the time. Lots of first class travel and good per diems. This was also the time that lots of papers got bought up by big media companies. Newspaper profits were also pretty good up through the early 2000's. I've never been convinced that craigslist was immediately responsible for the loss of classifieds revenue (which used to represent %50 of many newspaper's income), so much as the internet made it really cheap to build classifieds ads distribution platforms, craigslist being only one of them.