US: Newspaper ad revenue plummets to 1986 level
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US newspaper advertising revenue plunged 27% last year to its lowest level since 1986, according to figures released Wednesday, reflecting the toll of the recession and a media shift that's driving more marketing dollars to the Internet.
Newspapers sold $27.6 billion worth of ads in 2009, a figure that includes both print and online revenue. That's down from $37.8 billion the year before, according to the Newspaper Association of America. (AP)
