Online classified advertising skyrocketing
Posted by John Burke on November 28, 2005 at 3:15 PM
Mediapost reports that a Pew Internet and American Life Project survey shows that September's use of online classified advertising was up 80% year-on-year. Craigslist claimed 8.8 million visitors, a 156% boost from last year. With more consumers becoming accustomed to the Internet, free online classifieds will only cut further into newspaper revenues, which by some estimates are already down 75%.
Source: MediaPost
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