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Google Ditches Print Ad Biz

Recession bites into ad budgets

By Peter Fearon,  Newser Staff

Posted Jan 21, 2009 1:48 AM CST

(Newser) – The recession is continuing to hit even mighty Google, which is shutting down its three-year foray into the print advertising business, Bloomberg reports. The operation sold space in 800 newspapers, but was hurt as budget-crunched companies slashed spending on print advertising. Google's decision will be another blow to beleaguered newspapers, but spokesmen for the internet search-engine behemoth said the company will work with publications to develop internet advertising.

Inside Google's Mountain View California headquarters. Google is closing its print ad business after three years because the recession is hurting print ad budgets.
Inside Google's Mountain View California headquarters. Google is closing its print ad business after three years because the recession is hurting print ad budgets.   (AP Photo/Paul Sakuma, file)
Google headquarters in Mountain View, Calif. Google is closing its print ad business after three years print ad are hurt by companies' budget tightening.
Google headquarters in Mountain View, Calif. Google is closing its print ad business after three years print ad are hurt by companies' budget tightening.   (AP Photo/Paul Sakuma, file)
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Some advertisers have seen good results, but as we grow, it is important that we focus on products that can benefit the most people and solve the most important problems. - Spencer Spinnell, Google print ad director

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