TECH BUZZ: The Gray Lady is reportedly working on the first newspaper API. Aron Pilhofer, the paper’s editor of interactive news, says the goal is to “make the NYT programmable. Everything we produce should be organized data.”

The Best Links:

1. API Itself Will Be Done “Within a Matter of Weeks”
2. New York Times API - A Programmable Paper?
3. A Lot of Different Areas This Could Go Into
4. Not As Revolutionary As It Sounds
5. Earlier: New York Times Facebook App

BUSINESS BUZZ: In 2007, newspaper advertisement revenue experienced its worst drop in 50 years. Growth rates slowed on their web sites though, too, so we’re all kinda screwed.

The Best Links:

1. A Look at the Last 50 Years of Ad Expenditures
2. Total Ad Revenue Down 7.9 Percent, :(
3. Nick Denton Gleefully Rubs His Paws Together, Bwahaha
4. This Article in Not Actually About Arianna Huffington Strangling a Newspaper Man