Professor Robert Seamans' research on the impact of Craigslist on the newspaper industry is cited
— March 2, 2016
Excerpt from The Nation -- "The sprawling lattice of local newsrooms is shrinking—105 newspapers closed in 2009 alone—whittled away by the rise of the Internet and decline of display ads, with the migration of classified advertising to Craigslist hitting particularly hard. Between 2000 and 2007, a thousand newspapers lost $5 billion to the free site, according to a 2013 study by Robert Seamans of New York University’s Stern School of Business and Feng Zhu of the Harvard Business School. Falling circulation numbers have also taken their toll."