I think the escalation in prices for those kinds of announcements are just indicative of the scramble the industry is in amid a failing effort to make the existing model match today's business realities. Unless you're a society type where money isn't so much of an issue, the idea of publishing a wedding announcement with a photo is now an absurd expense and most/many just skip it. Obituaries vary a great deal, however; I think people tend to want to memorialize a life in that way and are more willing to spend the money..nothing empirical there, just a feeling.
Then there are always the "legal" notices that have to be published IAW court proceedings, and if that's not an anachronism, I don't know what is. I remember when a family member handled a relative's estate and there were seemingly always "publication notices" for this or that related to some aspect of resolving the estate...
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