In the last few weeks, leading newspapers have released their February advertising statistics which show significant declines in spending according to this article in the New York Times on March 26.
At USA Today, the nation’s biggest newspaper, ad revenue was down 14 percent this February, compared with February last year. Ad revenue at The New York Times Company fell 6 percent overall, declining 7.5 percent at The New York Times; ad revenue at the company’s New England Media Group, which includes The Boston Globe, was down 4 percent. At The Wall Street Journal, published by Dow Jones, it was off 10 percent. The Tribune Company, whose papers include The Los Angeles Times, The Chicago Tribune and The Baltimore Sun, reported losses of more than 5 percent. So did McClatchy, whose papers include The Miami Herald, The Sacramento Bee and The Lexington Herald-Leader in Kentucky.
The New York Times quoted Mark Fratrik, an economist at BIA Financial Network, who said the February results were “not a blip on the screen.”
He continued, “It’s fundamental, what’s going on with newspapers,” he said. “The younger groups, the most desired demographics, are just not reading them. They aren’t listening to traditional radio either, but I tell radio broadcasters that they’re lucky not to be in newspapers.”
In addition to sliding ad revenue, circulation has been in a long slow decline. According to The Ne York Times, newspaper circulation nationally reached its peak in 1984, when there were 1,600 morning and afternoon paid dailies with a circulation of 63 million. With the rise of cable television and, later, the Internet, newspaper circulation began to decline. Today there are 1,450 paid dailies with a circulation of 53 million. The losses have accelerated over the last two years.
It's not wonder that desperate advertisers are turning to word of mouth marketing as they search for alternative ways to reach consumers.


