Newspapers' cash cow being slaughtered

It's no secret that newspapers are hurting these days. Here at the Deseret News, it's painful to watch the cutbacks and staff reductions reflective of an industry-wide response to declining revenues that are due in large measure to a marked reduction in classified advertising.

The want ads are wanting. In the old days, up to about five years ago, if people wanted to sell their cars, or boat, or washer and dryer, or advertise a job opening, or rent their house, or try to get in touch with the brunette they saw in the Firebird on State Street last Friday night, they went to one place: the newspaper classifieds, aka the community bulletin board.

But with the advent and increasing popularity of any number of Internet sites such as craigslist, cars.com, monster.com, MySpace and hundreds of others, the newspaper classifieds don't have the monopoly power they once enjoyed.

Throw in the fact that many of the Internet sites will advertise your stuff for free and it's not difficult to understand why classified revenue is dropping like prices of SUVs.

And just like that, a hundred years of gravy train runs out of track.

The Deseret News, which started publishing in 1850, is one of the country's oldest newspapers so its history in large measure parallels the history of American newspapering in general. Like many papers, it started out turning rags into newsprint — that's where the expression "that old rag" comes from — and also like many papers, it struggled to make ends meet through the turbulent 19th century, when the cost of making paper was high and the primary way of paying for it was in subscriptions and a few large paid ads from retailers.

But then, just as the 1800s were about to turn into the 1900s, some unassuming back-room genius came up with the idea of allowing the public to place small ads for anything and everything they wanted. These were called want ads.