Quote of the Day, aka Google kills print ads program

the last few months, we’ve been taking a long, hard look at all the
things we are doing to ensure we are investing our resources in the
projects that will have the biggest impact for our users and partners.
While we hoped that Print Ads would create a new revenue stream for
newspapers and produce more relevant advertising for consumers, the
product has not created the impact that we — or our partners — wanted.

–Google’s Spencer Spinnell, Director (now former?) of Google’ Print Ads pilot, explaining that while Google will honor committments through March 31st, the plug is being pulled.

Susan sez: Given the dire state of revenue for print properties, this is a clear indicator that Google thinks the margin just isn’t there, another thread in the this is going to get worse before it gets better meme. It also makes me wonder if this increases opportunities for Yahoo’s newspaper consortium, which has mostly focused on online.

Note: It’s striking to go back to the Yahoo! newspaper consortium site and see that it doesn not appear to have been touched or updated since September 2008.  The APT platform site looks up to date, but the newspaper site…dead quiet.