The following article in The Atlantic give a clear, concise picture of the state of daily newspapers over the past 20 years. It is not pretty. I pulled out a graphic from the article that pretty much sums up the situation
The Collapse of Print Advertising in 1 Graph – The Atlantic.

About Grace
I am a media maven with over 25 years experience planning and buying media for local, regional and national advertisers. As a student of communication and social interaction, I am facinated by this new means of dialogue -- social media. I believe the only way to understand social media and its implications for business and society is to dive right in and use it! As such, I have immersed myself in blogging, facebook, twitter and other social platforms. I am hooked!