Another Way To Describe the Newspaper Crisis: The Craigslist Boom [MediaMemo]
More fuel for the “Google didn’t kill newspapers, Craigslist did” meme: A report that says the listings service has seen revenue jump 23% this year and will end up booking $100 million — even as the newspaper classifieds business falls off a cliff. Craig Newmark’s online classifieds site is mostly, but not entirely free — it charges for a handful of listing categories, like real estate and employment. But that’s enough to create a very healthy business, estimates AIM Group, which has been estimating Craigslist numbers since 2003, when it said the company booked $7 million.
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