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We all lament the passing of the newspaper era, but hanging the blame on Newmark remains unfair as well as ahistorical. Newspapers themselves deserve a share of it. Where they gained monopoly power, which was most U. And the big newspaper chains helped destroy their own business by investing in national online classified advertising verticals, which they ultimately sold. Against this backdrop, Newmark was an inevitable force, but no villain. The closure of the Washington Star provides the best illustration of how newspapers put the screws to their classified customers.
More: News media fail: 'Roseanne' flap eclipses shocking Puerto Rico hurricane deaths. He was prescient; the news industry was not. He saw the promise of the internet and how convenient and cheap it could be to advertise a car, find a place to live, or look for love online. The newspaper industry has been in trouble for a long time chiefly because owners and executives were greedy and shortsighted.
Americans looking for love or companionship on Craigslist can't make a connection. The classified ads site on Friday has taken its personals section offline in the United States. Scott Budman reports. The action comes after the U.