Eli5 What changed in advertising that killed or severely weakened the industries that rely on Ad revenue?

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Magazines, newspapers, television and radio stations all rely on ad revenue and seem to be dying off. Are advertisers just spending less? If not, where are those ad dollars going?

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Google is one of the most valuable companies in the world. The vast majority of their money comes from ad revenue. Advertising spending is higher than it’s ever been. It just isn’t spent much on magazines and newspapers anymore.

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