Craiglist gives newspapers a tough time

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CNET News.com reports that Craiglist is giving the local newspapers in US very tough times, something around $65 million. Craiglist is a community online classifieds site covering recruitment, dating, real-state, autobiles and majority of the products and services under the sun. This has affected in the revenue models of Newspapers who used to earn by providing classifieds and ads sections in the newspapers.

Craiglists 25% stake is now held by Ebay.com which has currently acquired Bazee.com and also interested in Rent.com. The success is of this is due to the simplicity and the fantastic utility it provides.

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