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"... there is a persistent, widespread view that Newmark’s humble-looking site destroyed classified advertising, one of the newspaper industry’s most valuable cash cows. Last October’s New York Times article – the one that called him a 'villain' – stated: 'Researchers eventually estimated that Craigslist had drained $5bn from American newspapers over a …
- LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} repeated this.
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@strypey It could be different in other countries, but in the US, newspapers were already in serious decline before the WWW burst onto the scene. In major cities across the country, the #2 paper either closed or merged backend operations with their main competitor. I believe it was the early 1980s when the Los Angeles Herald-Examiner closed, leaving the Los Angeles Times as the…