Newsprint “Much Too Dear”
(N.Z Press Association—Copyright) (Rec. 10 p.m.) LONDON, December 1. The newspaper industry had done well over the last year in spite of the high cost of newsprint, the chairman of the board of Beaverbrook Newspapers, Ltd., Mr Max Aitken, said in a statement circulated with the annual accounts.
The prosperity of an industry largely depended upon the price of its raw materials, he said. “In the newspaper industry the.vital raw material is newsprint ana we consider the price much too high,* he added. “Before the war, a ton of paper cost £10; now it costs £5B 10s delivered: and I do not know of a single raw material which has increased by that amount—not even gold.
British price for news* pnnt is the highest of any major country in the world,” he added.
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Bibliographic details
Press, Volume XCVIII, Issue 29068, 3 December 1959, Page 8
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137Newsprint “Much Too Dear” Press, Volume XCVIII, Issue 29068, 3 December 1959, Page 8
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