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The theme common to both companies, as with all newspaper publishers in the quarter, was classifiedadvertising.
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Newspapers, on the other hand, have suffered a rapid shift in classifiedadvertising to the Internet from print.
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He said even classifiedadvertising -devastated by the recession and competition from the Internet -is looking better.
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The industry is in long-term cyclical decline as the mainstay of revenues, classifiedadvertising, continues its rapid transition to online.
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Three Use Cases Craigslist: Basic product design Craig Newmark identified a huge opportunity: use the Internet to provide free classifiedadvertising.
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The Times has run classifiedadvertising on the front before, usually a few lines of text discreetly placed on the page.
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The founder of Craigslist, the free listing service that helped ruin newspapers' classifiedadvertising, helped finance a book on ethics for journalists.