We're OK Jack

You would think all of the media gloom and doom south of the border would be mirrored in Canada, but not so says a new Canadian Newspaper Association report.

A CNW Group press release says Canada's daily newspapers remained stable in 2007, "with robust growth in online ad sales offsetting a mild decline in print advertising."

"This is in sharp contrast to the U.S., where a contracting economy helped drive print ad revenues to the biggest year over year fall in more than half a century," says the CNA report.

The CNA report contains revenue results from circulation, print and online activities from 93 daily newspapers, representing over 95% of daily circulation in Canada.

As a TSF reader says: "Maybe the sky isn't falling after all."