Analysts and employees have been saying it for years now, as cutbacks and buyouts grew and ad pages shrunk. David Simon shoved it down the throats of HBO viewers for months this year. A few weeks ago, Tribune CEO Sam Zell joined his fellow newspaper publishers on the rooftops of their faltering media conglomerates and began yelling "fire," and now the Newspaper Association of America has settled it — the death of the print newspaper is upon us. New data released by the NAA indicates that total print-advertising revenue in 2007 plummeted 9.4 percent, to $42 billion, over 2006, making it the most severe decline in expenditures since 1950. We usually prefer to avoid agreeing with media pundit Eric Alterman as much as humanly possible, but now there's just nothing for it — Alterman's piece in this week's New Yorker was not only well-timed, it was spot-on, the louse. This spring, a $450 million sarcophagus for the press, the drippily named Newseum, will open in Washington, D.C., and, while that's very sweet and all, Alterman is the first person we've heard mention that it's a little impolitic to bury something while it's supposedly still breathing. Not to mention that it's generally considered déclassé to pre-eulogize anything with a big, sumptuous half-billion-dollar feast while it's still standing right next to you, starving to death. Sigh. Online numbers are finally beginning to slow down, too, which sounds like it would be good news for print operations (take that, Craig Newmark!), except that since Web ads now make up 7.5 percent of total newspaper revenue, it really just means that everyone's screwed. Oh, well. Perhaps things will start looking up over the weekend!
Most Viewed Stories
Stephen Colbert Gave a Searing Monologue on Guns, Trump, and ‘Honest Insanity’
What’s New on Netflix: October 2015
Erykah Badu’s Soulful Remix of Drake’s ‘Hotline Bling’ Has Instructions on When and How to Call Her
Tori Spelling Uses the Excuse of a Lie-Detector Test to Basically Brag About Banging Two Guys on Beverly Hills, 90210
Saturday Night Live Recap: Miley Throws a Party In The S.N.L.
Historic Rainfall Has Flooded the Southeast [Updated]
We Can’t Predict Who Will Commit a Mass Shooting. Gun Control Is the Only Way Out.
Kenan Thompson Shares Creepy Bill Cosby Story
It’s Harder to Be Thin Than It Was in the ’80s
Hillary Clinton Serves Her Doppelgänger Drinks and Advice on SNL
Latest News from Daily IntelligencerChris Christie Still Prefers Death to Serving in Congress
“I would rather jump off the Brooklyn Bridge,” he says.Times Square: The City’s Id, Now and Always
The desnudas started only the latest battle in a century-long struggle over what the crossroads of the world means to New York.Historic Rainfall Has Flooded the Southeast [Updated]
A 1,000-year rainstorm has led to massive flash floods, and President Obama has declared a state of emergency in South Carolina.Jason Chaffetz Will Challenge Kevin McCarthy for Speaker of the House
He'll be the underdog, but still represents the first viable threat to McCarthy and the GOP establishment.What We Know About the Oregon Community-College Shooting
Updated details about the victims, the police response, and how the shooter died.U.S. Airstrike Hits Hospital in Afghanistan
A Doctors Without Borders medical facility in Kunduz was bombed early Saturday morning, killing at least 19 and injuring dozens.Fake Newsstand Comes to Fake Times Square
"Is it real? What can you buy?"
Leave the poor man alone. He's at 4 percent.N.J. Man Apparently Fired for Farting Too Much
Now his wife is suing.Santa Claus Hopes Voters Will Elect Him to Office in North Pole
His qualifications include being named Santa Claus.
Zone A and in harm's way ...One of the Last Remaining Members of Obama’s Original Cabinet Is Stepping Down
Say good-bye to Secretary of Education Arne Duncan. His likely successor is a Brooklynite.Janet Yellen’s Hotel California
Will the Fed ever be able to raise rates again?The House’s Right Flank Finally Got Boehner’s Scalp. So Why Doesn’t It Feel Good?
The Planned Parenthood videos brought down an unintended target.The Pope Also Met With a Gay Couple During His American Tour
Sorry, Kim Davis, the pope's just not that into you.T-Mobile Hack Spells Trouble
Unlimited data — on 15 million people.India’s Climate-Change Plan Means Your Grandkids Might Not Be Underwater
The world's soon-to-be-largest country steps up.Hurricane Joaquin Is Just Not That Into the East Coast — But the Rain Is Here to Stay
The latest projections have the big storm veering away from the U.S.The Pope and Kim Davis Have Very Different Memories About How They Met
“Such brief greetings occur on all papal visits and are due to the pope’s characteristic kindness and availability."Raccoons Are Gentrifying One Brooklyn Neighborhood
The nocturnal creatures are apparently running rampant in Carroll Gardens.