NEW YORK (AP) — The New York Times Co. will increase the Monday-Saturday newsstand cost of its flagship paper by 25 cents to $1.50, the publisher said Wednesday.
Times Chief Executive Janet Robinson said the price increase for the New York Times will take effect Aug. 18. The company has already raised home delivery prices for the paper 4.5 percent in two separate hikes since last July. That helped overall circulation revenue rise 2.5 percent in the latest quarter.
Who would pay a $1.50 for a paper copy if you can read it for free on the Internet?
My guess is most paid subscribers who pay the monthly rate of $55 a month, are billing it to their company or the taxpayers.
The move comes a week after The Wall Street Journal said it would boost its newsstand price by 50 cents to $2 starting July 28 to reflect both new content and higher costs.
For a while, they were requiring a fee from those who had an interest in their editorial pages. I used to read Tom Freidman and David Brooks. When they did that, I stopped. Then the buld went off about their ad revenues.
Every now and again, someone will post an excerpt that piques my curiosity. Now that MoDo has started to savage Obama, I am curious. I have (confession is good for the soul) read a couple of her columns about him. It’s a guilty pleasure. I won’t anymore once the election is over.
The major source of revenue for newspapers is still advertising but, I guess when that source is drying up......well there you have it.
The interesting thing is that newspapers have been padding their circ numbers for YEARS and gouging advertisers. It is egregious.
Simply google “newspaper circulation scandal” and you will have plenty of information on all that has come down about this. Not only are they disgusting from a bias standpoint but more disgusting as unethical businesses.