Online growth for newspapers slows
A few days ago, I posted that newspaper circulation continues to fall, but I also noted that online readership for newspapers is going up. Well, it turns out that this growth is starting to slow:
Bear Stearns analyst Alexia Quadrani noted slowing online growth in a brief to investors regarding Q1 results.
She pointed to Yahoo’s difficulties over the past twelve months, The New York Times Co.’s About.com — where revenue advanced 26% in Q1 compared with 98% in Q1 2006 — and the revenue shortfall at E.W. Scripps’ Shopzilla as evidence of the slackening pace.
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