newspaper groups hit by rising print costs

https://www.ft.com/content/228cd9de-bca8-11e6-8b45-b8b81dd5d080

"Newspaper groups hit by rising print costs"

The article discusses the problem newspapers face, particularly already after it's decline in advertising and circulation that adds to the burden. Certain influences such as the Brexit vote, driven by the Europeans, had a huge impact on the rise of newspaper printing costs apparently. With analysts and industry executives predicting double-digit price rises in 2017 and a further deterioration of the print advertising market, traditional newspaper businesses are bracing themselves for another difficult year.

• since Britain opted to leave the European Union in June, the cost of newsprint has jumped more than 8 per cent — from £330 per tonne to £360 per tonne
• In the UK, suppliers are aiming to raise prices to £400 per tonne or more
• Trinity Mirror, publisher of the Daily Mirror as well as more than 200 local and regional papers, has targeted £20m in savings this year, while The Guardian announced 250 redundancies
• With newspaper sales continuing to fall at an alarming rate — sales of national daily newspapers have almost halved to fewer than 8m since 2000

With even more burden on the newspaper industry, it won't be a surprise if it does shutdown any time soon, given the financial and circulation struggles that it has gone through through the decade. The new and digital media obviously had an influence in this and replaced the newspaper industry's unique place in the market they once had.