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Express announces a 100% increase in its Daily

Posted At : April 7, 2009 8:35 AM | Posted By : Judette
Related Categories: Media Trinidad and Tobago

The newspaper industry is facing tough economic times. 

You would have to been living on planet Mars not to have noticed the slimmer pages that wrap the murder and mayhem that passes for news. 

When I blogged about it some two weeks ago, one of the country's best wordsmiths and columnist, Lennny Grant, reminded me that it was difficult to sustain the Digicel/Bmobile ad war and the massive spending in the last election and  that what was going on globally in the industry was bound to catch up.

Well, it has.

Last week the community news station, Gayelle, closed its newsrooms, citing lack of advertising spend. Today, the Daily Express announced a price increase.

According to management, " the cover price increases are the first since 1999 and are being introduced due to the decline in advertising demand coupled with the significant increase in raw material costs, chief among them, the cost of newsprint."

They said it was about survival. 

What seems  price 'wise' to management may  really be  pound foolish. The newspaper may see a temporary increase in sales next week ( I mean who is not going to want have a copy of the newspaper when Obama comes to town) but after that what? Where's the audience to sustain it? Is it the middle class who can turn on their  Internet and get the same news for free, or the poorer folks who have much more to do with their shrinking dollar than buy a newspaper and who can easily revert to  localised, village centric 'ole' talk as a way of getting by.

Ironic too that the announcement was made on the very day, the Express declared, "119 steel workers retrenched" on the front of its pages.

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That's it NEwsday will remain $1.00 and 'D' Guardian
# Posted By Nsilo John | 4/9/09 1:53 AM
I am only just discovering that as well. Thanks for the reminder
# Posted By Roger Davis | 4/14/09 1:35 PM
Newspapers are already defining themselves as a niche product and have ceded popular media attention to talk radio.
Not here Mark. Local newspapers still think of themselves as mass medium, trying to make every story relevant to every reader; can't work
# Posted By Judette Coward- Puglisi | 4/14/09 1:52 PM
What they think and what's happening are two entirely different things. The rise in price will be a defining point for this
# Posted By Judette Coward- Puglisi | 4/14/09 1:54 PM
Agreed. Let the consumers decide, my bet is that there will be a reversion
# Posted By Mac Mark | 4/14/09 1:55 PM
You're on. Ten bucks says the price stays at $2 while advertising spending stinks. Issue isn't news or audience, it's profit
# Posted By Judette Coward- Puglisi | 4/14/09 1:56 PM
You're on. Sure its profit but in hard times its audience. I bet there will be a fall off/out at newstands. Will survey post summit
# Posted By Mac Mark | 4/14/09 1:56 PM
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