(U.S.) Newspapers see costs spike amid trade spat with Canada
The jacked-up tariffs on Canadian newsprint have caused newsprint prices to spike 30 percent this year.
Paper is the second-biggest cost to publishers — after employees.
“The situation for newspapers is dire,” said Paul Boyle, senior vice president of public policy at the News Media Alliance, a coalition of printers and publishers that he said collectively employs 600,000 people in the US.
“If these price increases stick, there will be another round of [payroll] cuts,” warns Michael Klingensmith, publisher of the Minneapolis Star Tribune and past chairman of the NMA.
The hikes were instituted by President Trump after one of the few US papers mills in the US, the Northern Pacific Paper Company (NORPAC), owned by New York City venture capital firm One Rock Capital Partners,
last year filed a complaint ...
Boyle: “They are raising the price for an industry that employs 600,000 for the benefit of a single paper mill in Washington State that employs 300 people.”
https://nypost.com/2018/07/05/newspapers-see-costs-spike-amid-trade-spat-with-canada/
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