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US newspaper ad revenue drops 28% in third quarter
Newspaper advertising revenue in the US plunged 28% in the third quarter to $6.4 billion.The figures released Thursday leave little doubt newspapers will likely have to manage through the fourth year of a slump that has already killed some publications and wiped out thousands of jobs.
Advertising sales are the main source of newspaper income, and that revenue has declined year-over-year for 13 straight quarters. (AP)
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