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ECT News Community   »   TechNewsWorld Talkback   »   Re: Craigslist Costs Newspapers $65 Million in Ads Each Year

Re: Craigslist Costs Newspapers $65 Million in Ads Each Year
Posted by: John P. Mello Jr. 2004-12-30 10:31:24
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A popular online community for selling goods and finding jobs and housing is diverting $50 million to $65 million annually in classified advertising from newspapers in the San Francisco Bay area, according to Classified Intelligence, a consulting firm in Altamonte Springs, Florida. The firm released a report this week, a copy of which has been obtained by TechNewsWorld, consisting of articles and essays about Craigslist, an online community that began in the Bay area and has branched out into more than 70
U.S. cities.

Re: Craigslist Costs Newspapers $65 Million in Ads Each Year
Posted by: Kagehi 2004-12-30 10:36:54 In reply to: John P. Mello Jr.
So, this story is actually:
"Local papers unable to compete with internationally available classified listings."
If this sort of thing didn't often send companies that still think it is 1950, instead of 2004, scrambling for some way to 'fix' it, this would simply be a major "Duh!!!". Any idiot could guess they might lose revenue, especially as more and more people have access to the alternative to the local paper. But there will also always be some that don't or won't, at least in the short term.
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