Johnston Press, a regional publisher has increased the cover prices of more than 40 of its newspapers across the UK. Newsagents are ‘livid’ as margins are dropping to as low as 10 per cent.
Speaking to Hold The Front Page JP group publishing director Richard Thomson said: “Our partners in the retail trade are very important to us, and we don’t make changes to terms lightly.
“However these are tough times for smaller local newspapers as they face competition from the likes of Google and Facebook.
“Johnston Press’s larger titles are responding dynamically to the changing market, for instance by growing their already substantial online audiences and developing fresh advertising propositions.
“But for some of our smaller titles, these changes to terms are driven by a need to ensure they stay viable in print, and by doing so, to continue driving footfall into retail stores.”
Ballymoney Times £1.55 – Increase by 20p – £1.75
Coleraine Times £1.55 – Increase by 20p – £1.75