Where I live (Denmark), nobody makes any phonebooks anymore. I believe the last time I used one was in 2003.
Well, sure. That's what the yellow pages basically are--advertising for local businesses. (There may be some level of listing that's free. I don't know.) As other have noted, my local yellow pages is pretty small and thin these days though with the caveat that I don't live in a city. I suspect that a listing/ad is no longer quite the requirement for local businesses that it once was.