A graphical shot-and-chaser about declining newspaper ad revenue and the Miami Herald

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Reading Mark Perry’s blog post about the dramatic decline in newspaper ad revenues, I couldn’t help but notice that Perry’s analysis was released on the same day a section of the former Miami Herald building near downtown was demolished Monday morning.

Here’s a graphical shot-and-chaser juxtaposing the two items:

miami herald - graph

SHOT: “Ad revenues are now the lowest they’ve been since 1950, when the Newspaper Association of America began tracking industry data. Again, that’s 1950, when the U.S. population was less than half its current size and the economy was about one-seventh as big. Revenues are down more than 50 percent in just the past five years alone.” — Perry.
CHASER: “The demolition of the former Miami Herald building continued as a 100-foot section of the south wall was brought down Monday.” — Miami Herald.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.