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U.S. newspaper ad revenue down 7.3% in 2011

WASHINGTON — US newspaper advertising revenue fell 7.3 percent last year to $23.94 billion, according to figures released Thursday by the Newspaper Association of American, continuing a six-year slide. Print advertising revenue fell 9.2 percent to $20.69 billion compared with the previous year while online advertising revenue rose 6.8 percent…

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