How's 2008? Disaster For Newspapers, Magazines and Radio

MediaPost: "On Wednesday, The New York Times Co. announced another round of dismal second-quarter results, with total ad revenues falling 10.6% compared to the same period in 2007. That contributed to an overall revenue decline of 6%, to $741.9 million.

NYTCO's revenue declines follow similarly dismal second-quarter results from other newspaper publishers like Gannett, where publishing ad revenues fell 13.3% to $1.11 billion, and Media General, with newspaper ad revenues down 17.1%. McClatchy's results--due out Thursday--will not be much better, judging by revenue declines of 14.8% in April and 15.1% in May.

Magazines and radio are not doing quite as badly, but there's no question they are also suffering."