Wednesday, July 7

Postal Rate Hike For Mags

The potential increase compounds a number of negative trends, including rising costs for ink and paper, just as some magazine publishers were seeing signs of hope for a tentative recovery. The rate hike, which could take effect at the beginning of next year if approved by the Postal Regulatory Commission, would include an 8% bump for magazines; it would also affect catalogs, mailers, where the rate is set to rise 5%. Postal rates would also go up for first-class stamps, from $0.44 to $0.46. Magazine publishers are also facing projected price increases of up to 10% for paper and ink in 2010.

Read more at Media Post.