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The Internet

Submission + - Why Craigslist won't run ads

prostoalex writes: "USA Today interviews Jim Buckmaster, CEO of popular online classifieds site CraigsList. The company currently has 23 employees, never paid a single dime to advertise itself, but nevertheless is 9th most popular Web site in the US (USA Today quotes Alexa). Viewed as a major factor in declining newspaper subscriptions, CraigsList has this to say: "On the charge of "stealing" ads from newspapers, Buckmaster remains quietly unapologetic. The big newspaper chains continue to be about twice as profitable as the average American business, he says, "so it's not as though they're hurting." Newspapers have become "beholden to Wall Street," he says. "The primary focus is not necessarily on journalism; it's on maximizing revenue.""

When a fellow says, "It ain't the money but the principle of the thing," it's the money. -- Kim Hubbard

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