The Mortgage Crisis: Good for the Newspaper Business?

may 2, 2008  09:00 am
"The housing sector is, in fact, shoring up newspaper classifieds," City Paper reports. "The collapsed housing sector, that is." The executive director of the Virginia Press Association says there are more foreclosure notices in her papers than she's seen in 30 years. "And it's one category Craigslist can't touch," says City Paper. "Placing a legal notice on Craigslist or some other site won't satisfy municipal distribution requirements."