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December 24, 2008
Remember the Neediest: NYT Ad Revenue Plummets 20% in November
It wasn't blogs that killed the beast-- it was Craigslist.
The New York Times Co's November advertising revenue fell 20 percent, the company said on Wednesday, illustrating how the financial crisis is aggravating dizzying revenue declines at U.S. newspapers.
Ad revenue at the publisher's New York Times Media Group, which includes the Times newspaper, fell 21.2 percent from a year earlier because of a drop in real estate and jobs classified advertising.
...
Total company revenue fell 13.9 percent.
Santa's left a lump of coal for the New York Times. They've been naughty.