The number one thing that newspapers have is that a newspaper throws away more content in a day than Yahoo makes in a year.
— Shawn Riegsecker, CEO of Centro, a Chicago-based media buying firm
Riegsecker was speaking Tuesday at the Newspaper Association of America conference for newspaper investors. The quote was in a story in Online Media Daily from MediaPost Communications
His point was the biggest advantage newspaper Web sites have over competitors like portal sites is a large amount of quality content that advertisers want to be placed alongside, the article said.
Another notable comment in the story was that Tribune Co. said interactive revenues will be $225 million or 6 percent of publishing revenues this year and will be 12 to 15 percent within four years.
Tags: Newspapers | New Media | Advertising