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07/25/2018

Newsonomics: Newsprint tariffs are a black swan event that could speed up the death of newspapers

From Newsonomics

People have been forecasting the “death of newspapers” for more than a decade now. They see a kettle of vultures amid the ever-darkening clouds of print advertising collapse, slowed digital advertising, and the difficulty of signing up new digital subscribers.

Now the battle is heating up on Capitol Hill over tariffs that the Trump administration imposed on Canadian groundwood paper earlier this year.

The tariffs increase the cost of newsprint by as much as 30 to 35 percent, though the impact on publishers is highly uneven, with some chains in better shape and the dwindling independents most at risk. The predictable impacts already in motion: more newsroom layoffs, thinner (and reshaped) print products, fewer Sunday preprints, and an overall further diminishing of the value proposition newspapers are offering their readers.

The Pittsburgh Post-Gazette will reduce its printing days from seven to five next month. The Nevada Appeal in Carson City, Nevada, moves from seven to just two days, while its parent cuts frequency on three adjacent papers.

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