While print advertising is still the majority of advertising with newspapers (newspaper website advertising now accounts for 7.1% of total newspaper ad spending), the online spend continues to get bigger. Spending for online ads is still in the millions while print advertising brings in $10.1 billion. And print advertising is down 9% compared with the third quarter of 2006.
Here are some more numbers for various types of advertising: classified advertising fell 17% to $3.4 billion. Retail declined 4.9% to $5.1 billion, and national was down 2.5%, coming in at $1.7 billion.
Just considering classifieds ads, real estate, car classifieds, and employment ads were all down, but all other classifieds were up 2.7% to $713.3 million. Obviously the housing market slowdown has affected real estate and has spilled into other categories.
Incidentally, this is the first year in many that I haven’t gotten a newspaper on Black Friday. Last year it was stolen off my porch. Every newspaper stand was empty. For the most part, I’m skipping the crowds and doing most of my shopping online.