August 21, 2017

Helping PR pros make smarter decisions

Slowing Economy Taking a Toll on Newspaper Advertising

Slowing Economy Taking a Toll on Newspaper Advertising

Three major newspaper companies, including Media General, E.W. Scripps Co., and The New York Times Co. have recently [reported](http://www.usatoday.com/money/companies/earnings/2008-01-31-ny-times_N.htm?csp=34) disappointing fourth quarter revenues. The culprit, executives say, is sagging classified ad sales resulting from the country’s economic slowdown. Media giant Gannett Company also reported weak profits stemming from disappointing advertising sales, both in print and broadcasting form.
However, there is a silver lining as some newspapers are seeing an increase in online advertising revenues even as print media fails to meet expectations. [Scripps](http://www.paidcontent.org/entry/419-earnings-scripps-q4-revenues-flat-income-down-8-percent/), for example, saw a “modest” 6.6 percent boost in online ad sales.

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About The Author

Jennifer Zingsheim Phillips is the founder of 4L Strategies, and has worked in communications and public affairs for just over 20 years. Her background includes work in politics, government, lobbying, public affairs PR work, content creation, and digital and social communications and media analysis.

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