{"id":48691,"date":"2013-09-17T00:00:00","date_gmt":"2013-09-17T00:00:00","guid":{"rendered":"https:\/\/www.techopedia.com\/news-isnt-the-only-thing-the-internets-changing\/"},"modified":"2013-09-17T02:26:05","modified_gmt":"2013-09-17T02:26:05","slug":"news-isnt-the-only-thing-the-internets-changing","status":"publish","type":"post","link":"https:\/\/www.techopedia.com\/2\/29553\/internet\/world-wide-web-www\/news-isnt-the-only-thing-the-internets-changing","title":{"rendered":"News Isn’t the Only Thing the Internet’s Changing"},"content":{"rendered":"

In 2008, the Internet overtook newspapers as a news source<\/a>, according to the Pew Research Center for the the People & the Press. In 2012, newspapers lost $16<\/a> in print ads for every $1 earned in digital ads. In 2011, the ratio was just 10-to-1. Most of us probably don’t need statistics to tell us that the newspaper business is in real trouble. Many newspapers have merged or been acquired. Those still publishing have, in most cases, either dramatically cut the number of pages or, in the case of Rupert Murdoch’s Wall Street Journal and The New York Post, have reduced the physical dimensions of the pages themselves.
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\n A major reason for the decline in revenues has been online advertising’s impact on print media, perhaps especially Craigslist. For years, Craigslist founder Craig Newmark has maintained that the ineptitude of the papers themselves, rather than his service, is the reason for the decline of newspapers. But a recent Forbes article,
"Craigslist Took $5 Billion From Newspapers"<\/a> points to a study<\/a> by NYU Sloan School of Business professor Robert Seamans and Harvard Business School professor Feng Zhu, in which the authors estimate that Craigslist\u2019s entry into the market led to $5 billion in savings to classified-ad buyers between 2000 and 2007. Of course, this also means that local newspapers lost out on billions in potential revenue.<\/p>\n

The study’s researchers also identified several ripple effects produced by Craigslist across the newspaper industry. They calculated that newspapers that relied heavily on classified-ad revenue saw a:<\/p>\n