Los Angeles Times Closes Real Estate Section
One of the largest newspapers in the country announced that they will no longer publish its weekly real estate section. The newspaper also announced that there would be staff reductions as a result of this change.
The two locate newspapers for Broward and Palm Beach Counties in southeast Florida, The Palm Beach Posts Sunday real estate section is a skeleton of what it’s been in the past and The Sun-Sentinel new home selection was not printed this week. What we are now seeing are much smaller real estate sections in the newspapers though-out the country.
I do not believe that the media create the initial market slow down, but they may very well have contributed to the long term market conditions.
Points to Consider
Do you feel that newspapers are now feeling the results of their endless negative press related to the real estate industry?
Is there a backlash from their readership?
Are the newspapers feeling the affect of the real estate professionals who have either reduced the number of ad’s placed or no longer advertizing in the newspapers?
Are the newspapers starting to feel some of the pain that the real estate profession has been feeling for the last three years and have the newspapers caused that pain for themselves?
What do think that the newspapers could do to help assist the real estate industry?
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