Skip to comments.Chicago Tribune bumps price to $1
Posted on 01/06/2010 5:48:41 AM PST by AT7Saluki
The news is about to get more expensive for readers of the Chicago Tribune in print, as the newsstand price goes to $1 later this month.
The 25-cent increase, set to take effect on Jan. 18, will make the newspaper priced according to its marketplace value, according to a statement issued by Tony Hunter, publisher, president and CEO of the Chicago Tribune.
The increase does not affect home delivery subscriptions or the Sunday edition.
The price hike makes the Tribune one of the more expensive metro dailies in the country. The Chicago Sun-Times, Washington Post and Los Angeles Times which is also owned by Chicago-based parent Tribune Co. all charge 75 cents a copy. Meanwhile, the New York Times and the Wall Street Journal both charge $2 for each daily issue in Chicago.
While this pricing action will improve our financial results, the increase is consistent with pricing trends across the industry, Mr. Hunter said in the statement.
Tribune Co., still in the midst of a Chapter 11 bankruptcy reorganization, sought protection from its creditors in December 2008 after it was saddled with billions in debt when commercial real estate magnate Sam Zell converted it to a privately held firm.
The last time the Chicago Tribune raised its price was on Dec. 31, 2007, when the paper went to 75 cents from 50 cents. A spokeswoman said Monday that while the paper lost readers at the time, the circulation decline was more than offset by revenue gains.
It’s this kind of crap that caused me to start using the yellow and white pages to start the bbq. Newspaper was getting too damned expensive.
priced according to its marketplace value,
The price increases will continue until the readership improves! ;-)
I wonder if the “spokeswoman” has figured out that this is a long term losing proposition and her job might be on the line too!
The price of this paper doubled in less than 3 years??? That is what I call inflation.
I think this is their way of gently phasing out the print edition.
“The price increases will continue until the readership improves! ;-)”
“all the news upper middle class college professors see fit to print”
Note to the paper's advetisers: Way to go!
The Dayton Daily News raised its newsstand price to a buck a few months ago. You definitely don’t get what you pay for.
“our medium is dying...let’s make it more expensive!”
They are trying to raise a little extra cash to pay for a casket and the lawyers for their final bankruptcy.
If it cost to much people won’t pay it, and less people will read it. Less people will be exposed to bad/biased “journalism”. I see this as a good thing. Heck maybe they will just close the doors.
“I would rather read a hand out from the Moonies than the Tribune! ;-) “
Yep, there is no humor in the Tribune.
“Yep, there is no humor in the Tribune.”
Did they drop the sports pages too? ;-)
If the liberal rag were really priced according to its marketplace value, then the folks at the Tribune would be paying me $1 to accept a copy every day.
All but the Russian weight lifters(for the gays)
We shall see, we shall see.
If that were true, they would be giving away free parakeets with every bundle they pay to be picked up off the curb.
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