Newspaper Revenues Plunge in '07

Total U.S. newspaper revenue in 2007 was down $3.9 billion compared to 2006, the second-worst drop since the industry started tracking overall revenue in 1950. The drop in 2006, compared to 2005, was only $167,000. Before that, combined print and Internet revenue was up each year. Even when newspapers add their rapidly growing Internet revenues to print they cannot stave off an overall decline.