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.
And the Obama position cross word puzzles.
if it were “priced according to marketplace value” they’d be giving me a dollar to take one off their hands
This is really a way to build circulation! Charge more for a smaller product. Newspapers—get the message—you are not a branch of the Government—you are a business. Give the people you secretly despise what they want and they will buy your papers. What do you need to do?—a bit of advise from a citizen:
1. You need to grow celebrity Reporters. Quirky writers with a set beat. Like Walter Winchell of long ago. You will not do this because such reporters will have their own points of view and independence will free them from the servitude of the editorial department. They will also want more money.
2. More expose journalism. You guys have fallen down on the job when the supermarket tabloids scoop you. What’s with this John Edwards love child story or Tiger Woods?
Go out and find the story be it corruption or crime.
3. Give your readers stuff they can’t get on the net. Foods, stories, reviews. More content and less photographs—the picture stuff is better in a magazine format like Life Magazine.
4. As all politics is local—so too is news. Don’t use old Boiler Plate stuff from the AP. Feature the stories that will not be on the national news. The local play review, the boy scout jamboree (I forgot you hate boy scouts), the local football games.
5. More local contests, tip lines and ways for the folks to contribute —give people things they can use in their lives besides a steady drum of liberal politics—Obama can’t solve all our problems. Be fair—be balanced.
6. I would give a page to the GOP—and mark it as such and a page to the DNC as well with a rotating page to independent parties and groups from the Libertarian to the communist party-but list them. It would be good to see the contrasting views on the important issues of the day. Hey, the commies may have a few good ideas once and a while.
7. Don’t get me started on the comix. I believe that is the most important part of the paper. I am sick of Peanuts—it wasn’t all that funny in the first place. And the political cartoons do not belong in the funny pages. What ever happened to Flash Gordon? Grow some good episodic cartoonists to provide story lines that will encourage readers to subscribe.
8. Every good paper should have a great Sunday Magazine—Now they have degenerated into pictures only with a million ads. Get some good stories into your magazines, get writers to do good features on travel and such and not all studio driven interviews with actors and actresses hawing a new movie. You got lots of people in your community with stories that need to be told.
That’s my two cents worth-—but heck—what do I know—all I know is what I read in the papers.
What, every day? Oops, more than that on Sundays for sure. Attention accounting department: thirty or forty bucks a month buys infinitely more news than that via the internet.
Yep, I had to laugh at their saying this new dollar price is setting the “marketplace value” on the paper. Do they really expect to get more readers, or generate more revenue, with a higher price?
The fact is that the true market value of the paper is far less than a dollar a day. But of course they can’t admit that.