Google has officially eaten the newspaper industry

November 16, 2012

(Credit: Statista/Google)

Newspapers have continued to churn out the same content while watching their advertisers steadily flee for sites like Craigslist, Yahoo, the Huffington Post/AOL, Facebook, and Google, says writer Will Oremus in Slate Future Tense.  

The chart above, from Statista’s Felix Richter, plots Google’s digital advertising revenue against the print advertising revenue of all U.S. newspapers and magazines. The Guardian‘s Roy Greenslade estimates that Google’s total revenue also now exceeds that of the entire U.S. newspaper industry even when you count digital ads.