Craigslist has cost U.S. newspapers $5 billion

By Agence France-Presse
Wednesday, August 14, 2013 14:21 EDT

The online classified service Craigslist has cost US newspapers at least $5 billion in revenue since 2000, researchers say.

The study, to be published in the journal Management Science covering the period 2000 to 2007, found Craigslist has had a huge impact on local US newspapers, which have in the past relied heavily on classifieds.