Newspaper ad slump worsens
From Times Wire Services
U.S. newspapers suffered their worst drop in print advertising sales since industry record-keeping began 57 years ago, hammered by the housing-market slump and competition from the Internet.
Revenue plunged 9.4% to $42.2 billion, from $46.6 billion in 2006, the Newspaper Assn. of America said.
A 19% rise in Internet ads to $3.17 billion cushioned the decline.
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