Ahh, The Smell of Fresh Subsidy in the Morning

Hello. Welcome to Washington State. Do you print outdated news on dead trees while fleecing the advertising industry? If you answered “Yes”, we’ll give you a 40% tax break. That’s now the law in Washington.

In the last 3 years, US ad spending shrank from $230 billion to $222 billion. The two most volatile categories was the Internet and newspapers. (Everyone else pretty much stayed the same.) Internet ad revenues grew from $17B to $26B, while newspaper ad revenues shrank from $47B to $34B. In essence, the Internet started eating newspapers’ lunch in the order of $9 billion. Make no mistake. This is an epic battle to the bankruptcy filing.

Read more at BenHuh.com –>