Source: Joe Weisenthal and Kamelia Angelova – Silicon Alley Insider
Talk about creative destruction. Newspaper classified revenues peaked above $16 billion in 2005, only to plummet to an estimated $5 billion or so in 2009. One reason that happened: Starting in 2003, Classified advertisers suddenly had a free alternative in Craigslist. Since then, Craigslist revenues have taken off like a rocket ship, according to a report by AIMGroup, but as you can tell from this chart’s two axes — not quite on the same scale at all.
