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The statistic shows annual digital and print advertising revenue of U.S. newspapers from 2003 to 2014. In 2014, newspapers generated 3.5 billion U.S. dollars selling online advertising space and 16.4 billion U.S. dollars selling print ad space. In 2015, newspaper publishers in the United States generated an estimated revenue of 14.87 billion U.S. dollars from advertising space. Despite this revenue declining sharply in recent years, it still represents the largest revenue source for newspaper publishers. In comparison, approximately eight billion U.S. dollars of revenue was generated through subscription and sales. Some of the leading newspaper advertisers in 2015 were Macy's, News Corp., and Bankrate.