New York Times Raises Price of Weekday Paper to $1

Bloomberg Terminal, no url | 12/18/02

[NativeNewYorker]

New York, Dec. 18 (Bloomberg) -- New York Times Co. is raising the newsstand price of the weekday edition of its flagship newspaper to $1 in the New York metropolitan area, its first price increase in more than three years.

The increase is effective Dec. 30. The New York Times has sold for 75 cents from Monday to Saturday in the New York area since September 1999. It has cost $1 outside the region since 1995.

The price of the Sunday edition of the newspaper will stay at $3 in New York and $3.75 elsewhere, and home-delivery rates will remain the same. The newspaper has a weekday circulation of about 1.1 million and about 1.7 million on Sundays, according to its Web site.

The shares of the New York-based New York Times Co. fell 31 cents to $44.99 at 11:40 a.m. in New York Stock Exchange composite trading. They have risen 4.1 percent this year.

The company made the announcement in a press release distributed by Business Wire. Spokeswomen Diane McNulty and Catherine Mathis didn't immediately return telephone messages seeking comment.

[NativeNewYorker]

Raising prices 33% at time when unemployment is up!

[Diogenesis]

Obviously, producing fiction costs a bit more.

Expect the Boston Globe to follow.

[Lou L]

Good grief. I already barf every time I see those "Get the New York Times" ads on national television. This must be the NYT's way of paying for the marketing. No thanks.

"The only thing better than starting the crosswords, is finishing them!" Yeah, right.

[dighton]

"Women and minorities to suffer disproportionately."

[governsleastgovernsbest]

I just had a telemarketing call for the NY Times, telling me they were going to send me free 8 weeks of the new Sunday weekly edition, or something like that.

I told the woman that I really dislike the Times. She asked why? "Because it's too liberal!" I explained.

She said well, that depends on how you read it. I told her that I've read the Times for years and have no doubt about it.

She countered: "well, isn't that the great thing about America, that everyone can express their opinion?"

To which I answered "yes, I certainly don't want to shut down the Times, but I don't want to read it. Please do not send it to me under any circumstances."

She ended with a friendly holiday greeting.

[F.J. Mitchell]

Look on the bright side-now you are saving twice as much by not reading it.

[Portnoy]

The two papers here in Detroit (Free Press and the Detroit News) just announched that they will be raising the price of the daily from $.35 to $.50.

[Constitution Day]

"The only thing better than starting the crosswords, is finishing them!"

That woman makes me want to gag too!
She probably has her clothing alphabetized.

[dead]

This is GREAT news!

Now, when I don't buy their paper, I'll be saving $1 instead of 75 cents!

That's really going to add up over the years.

[F.J. Mitchell]

Oops! I should have said a quarter more saved by not reading it. Dailies are still 50 cent around here, but so un-sophisticated that even I have little trouble solving the crossword puzzle.

[Extremely Extreme Extremist]

"Doomed luxury-liner Titanic will announce a price increase in room service."

[July 4th]

She said well, that depends on how you read it.

Hah! I guess if you stick to just reading the ads, she might have been right.

[relee]

Hey, at $1.00, it's still a bargain. You could easily line 100 bird cages with it; only a penny a cage!

[demsux]

Why don't the "tree huggers" ever go after these left wing rags for "raping our forests"?

[jpl]

What's next, Smith-Corona raising the price of typewriters?

Newspapers are so 20th century.

[NativeNewYorker]

Obviously the Times, which enjoys a gross margin of over 50%, and a return on common equity over 36%, can afford to discount the paper to the poor.

[PAR35]

$468.00 a year. Think of all the starving children in Africa you could feed with that. (Or whatever liberal cause you think would appeal to the average NYT reader).

[hang 'em]

Hey, it may be a crappy paper, but at least it's not cheap.

[Davis]

Maybe people should be checking out New York Sun...

Click here, scroll down to "Bingos" and read about how they just reduced their price. That's a conservative paper for ya...

http://www.atrentino.com/ConningDEC.html

[Darling Lili]

She countered: "well, isn't that the great thing about America, that everyone can express their opinion?"

Yeah! And the Times even does it under the guise of reporting news!