Papers losing real estate ads to online

These articles keep popping up. Check out this one by Seth Sutel from the associated Press. Read Full Article>>

Here are some snippets:

What’s worse is that a lot of that advertising may never come back to newspapers even if the real estate sector recovers. That’s because a significant chunk of those advertising dollars are moving — you guessed, online.

“Is newspaper a high priority? No,” Antal said. “I don’t believe my buyers and sellers are going to be in that market.”

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