The Craiglist Effect

Here's news that Craigslist's revenues recently topped $100MM, which is a lot for a service generally considered to be free. In fact, most of its listing ARE free, but advertisers pay for a few categories like real estate. All this is awful news for newspapers, who used to get a third of their revenue from classifieds. It's hard to compete with someone who gives stuff away, even if they actually sell a few things for money.