Hike in newsprint cost having a domino effect; print media girdles up for hike in rates
Hike in newsprint cost is forcing print players to rework their ad rates. BCCL had recently announced that it would hike its ad rates by 40 per cent. Mid-Day, too, has increased its ad rates by 20-25 per cent, while DNA is contemplating an increase in its price. Media observers have said that these steps are a result of the increase in costs, specifically newsprint costs. They also said that media houses may find it difficult for advertisers to agree to the hike in ad rates.