News & Observer | newsobserver.com | USA Today raising single-copy price to $1

Published: Oct 11, 2008 12:30 AM
Modified: Oct 11, 2008 04:55 AM

USA Today raising single-copy price to $1

 

Story Tools

Advertisements
NEW YORK - USA Today said Friday it will raise its newsstand price by 25 cents to $1 to offset rising newsprint costs.The 33 percent increase could affect the nation's highest-circulation newspaper more than price hikes affect the other two national newspapers, The New York Times and The Wall Street Journal, because USA Today is more dependent on single-copy sales. The cost of the Times went up 25 cents in August, while the Journal's price rose 50 cents in July. Even after the increase, USA Today's newsstand price will be less than the $1.50 now charged for weekday editions of the Times and $2 for the Journal.

Larry Lindquist, USA Today's senior vice president for circulation, said newsprint costs have risen to a 12-year high and further increases are expected later in the year. "We remain confident that the continued strong demand for USA Today from consumers, and our price relative to our competition, means that the marketplace will support this adjustment to our newsstand price," Lindquist said.

Newspapers across the country have been facing flat or declining circulation and plunging advertising revenue primarily because of the migration of readers to the Internet. A weakening economy has further driven down ad sales this year. USA Today's price increase could help the paper generate more revenue if circulation doesn't drop drastically as a result. But it's not likely to offset completely the losses it's seeing in advertising. The latest figures available show that ad revenue declined 13.5 percent in August from a year earlier.

All rights reserved. This copyrighted material may not be published, broadcast or redistributed in any manner.

Get $150+ in coupons in every Sunday N&O. Click here for convenient home delivery.

No comments have been posted for this story. Log in to be the first to comment.
 

 

The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.

Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.

If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.

Hosting Partners of
newsobserver.com

A subsidiary of The McClatchy Company