Business & Tech
Daily News To Follow Massive Layoffs With Price Hike: Report
The storied tabloid will reportedly soon cost $1.50 on newsstands.
NEW YORK, NY — The New York Daily News is set to get more expensive now that its newsroom staff has been gutted, a new report says. Tronc, the storied tabloid's parent company, plans to raise the price of a daily paper to $1.50 from $1 starting Aug. 6, the New York Post reported Thursday.
The Sunday paper's price will also increase by 50 cents to $2, the story says.
The planned price hike was revealed just days after tronc slashed the News' editorial staff by about 50 percent in a major restructuring. The Chicago-based media conglomerate acquired the paper for $1 in September from longtime owner Mort Zuckerman.
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The News had just cut the price of its print edition to $1 two years ago after raising it to $1.25 in 2014. The paper had a paid daily circulation of just about 164,000 in the first quarter, according to the Post.
A tronc spokeswoman declined to comment Friday morning.
Find out what's happening in New York Cityfor free with the latest updates from Patch.
Read the full New York Post story here.
(Lead image: The Daily News is advertised in New York City on July 23, 2018. Photo by Spencer Platt/Getty Images)
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