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E&P Reports: A deep dive into the class action antitrust lawsuit against Facebook & Google

“From 1962 to 2005, newspaper industry advertising revenues increased for 40 to 44 years, from roughly $3 billion to roughly $49.8 billion. Last year, according to the Pew Research Center, revenues fell to $8.83 billion. That’s an 82% drop in just 16 years. That’s a stunning drop, and if the trends hold, we’d be projected to hit zero in five years,” Lee Wolverton said, sounding an alarm to news publishers.

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