Soaring newsprint costs make life even harder for newspapers
It may accelerate the move online
“IT’S LIKE TASERING an elderly person who’s already on a pacemaker,” says a British newspaper boss of the newsprint market, where prices have risen by over 50% in a matter of months. The cost of paper that feeds into presses around the world is rising to record highs, pushing up expenses for newspapers from Mumbai to Sydney. When times were good, before ads shifted online, newspapers had a supportive partnership with paper mills. As ads departed and circulations fell, relations became more transactional. They are now at the shouting stage.
This article appeared in the Business section of the print edition under the headline “Paperchase”
Business November 6th 2021
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