Comment by TylerE

Absolutely. As someone who spent about 5 years working in local news a bit over a decade ago, it wasn't the search engines or Facebook that killed us, it was craigslist. Especially business classifieds, while not individually big $$$, they added up. We had some edge in content quality for a while, but the classifieds drying up led to deep cuts in the newsroom, and then there was nothing separating us from the local TV stations who also had superficial coverage, but got it out much quicker.