According to an annual study by ComScore, yellow pages usage dropped 3% from 2007 to 2008 alone, a number that's very substantial considering usage already dropped 6.8% in 2006. In fact, 2008 marks the first year yeah internet search has eclipsed all forms of the yellow pages in usage, claiming a massive 31% of all local business search queries and trending upward.
Predictably, this is bad news for the future of the yellow pages. Wachovia expects print and online ad spending on yellow pages to decline 6.3% next year, and a devastating 39% over the next four years. If the trend continues, the yellow pages won't be around much longer at all. Search engine marketing spending, on the other hand, is expected to continue growing from 17.7% of budgets to 20.3% over the next five years, reaching $23.4 billion by 2013, according to eMarketer.