Wonkette

The bloodletting continues at the Post. Here’s all the bad news from the last quarter of 2006:* Net income plunged 6.7%.
* Classified advertising dropped 22%.
* Overall ad revenue is down 8%.
* Circulation is down 2.9% — except for Sunday, which is down 3.2%.
* Operating income in the publishing division fell by 24%.
* Craigslist’s CEO says this is because U.S. newspapers just plain suck.

Wash Post Co. Newspaper Q4 Ad Revenue Falls 8% [Editor & Publisher]
Newspapers brought financial woes upon themselves, says Craigslist boss [The Register]