The Fed (Federation of Independent Retailers) has welcomed the decision by publisher Reach PLC to include pro rata terms for newsagents as part of price increases for two of its national newspaper titles.
From Monday, June 27, the cover price of Monday to Friday editions of the Daily Express in the UK will increase to £1.10, while copies of the Daily Star will go up to 75p. Saturday editions of both newspapers will increase to £1.65 and £1.20, respectively.
Reach has confirmed that the profit paid to retailers on each copy sold will increase pro rata.
The Fed’s head of news Brian Murphy said: “We are pleased that Reach is finally listening, following our representations, and taking notice of us and the key role we play in making their sales happen every day.
“We urge all news publishers to follow suit and maintain the profit margins for retailers when considering price increases of their titles, both national and regional.”