Quarterly earnings are taking place for many media companies around the country. You’ve been reading about many of radio’s public companies here in this space. Some are flat, some are up a bit, some are down slightly. When you compare radio to the once almighty newspaper industry, you may come to the conclusion that radio is still quite strong. Here are some of the results from the nation’s major newspapers.
The Wall Street Journal saw a 21% loss in ad revenue in Q3.
The New York Times reported a 19% decline in print ad revenue.
USA Today owner Gannett reported a 15% drop in print ad revenue.
Tronc, owner of the Los Angeles Times and Chicago Tribune, reported a 13% decline
