Friday, June 12, 2009

Craigslist revenue said to top $100 million

Here's a Craigslist story that doesn't involve somebody killing or raping a person who responded to an online ad. The NY Times reports that the San Francisco-based classified-ad Web site will generate revenues of $100 million or better. The Times based that conclusion on a report from AIM Group, a media and Web consultant firm in Orlando, Fla. The Times notes, "By contrast, classified advertising in newspapers in the United States declined by 29 percent last year, its worst drop in history, according to the Newspaper Association of America."

1 comment:

Anonymous said...

don't blame craig for the woes of newspapers.he was exploiting problems that were longexistetent . bnewspapers didn't respond to the web fast enough and now only have themselfs to blame.