Canadian Publishing Industry News
29 June 2022, NEW YORK
People cuts distribution due to paper shortage
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The company advised about 7% of its subscriber base they would not be getting printed issues for the coming months, due to a temporary global paper shortage. No word was available about which areas of the country would be affected. Readers were offered digital subscriptions in compensation.
According to the U.S. Bureau of Labor Statistics, the production price of magazines increased 20% over the last year and a half, with some publishers reporting they are paying almost 40% more for paper today compared to six months ago.
Better Homes & Gardens has about 7.6 million subscribers and People about 3.4 million, the largest in Dotdash stable of titles.
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Wow, Torstar really seems to be on a mission to bankrupt one magazine after another.... |
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