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Excerpt from Forbes -- “A new study by two business school professors examined the issue and concluded that, indeed, Craigslist took a giant bite out of newspapers’ revenues — some $5 billion between the years 2000 and 2007. And that’s not even looking at the Times, the Wall Street Journal or USA Today, which the authors left out in order to have a more homogeneous sample. 'Our study definitely suggests that Craigslist has had a huge effect on newspapers,' says Robert Seamans, an assistant professor of management and organizations at the NYU Stern School of Business. Coauthored with Feng Zhu of Harvard Business School, the paper will be published by the journal Management Science."

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Additional coverage appeared on ABC News Radio, AFP, The Guardian, MediaBistro, MediaPost and SF Weekly.