Wednesday, January 29, 2025

The New Yorker's Newsstand Price

The New Yorker first issue was published in February 1925, just a few weeks shy of a century ago, as a humorous weekly with a fifteen cent cover price. That fifteen cents, according to the U.S. Bureau of Labor Statistics, would be worth $2.75 as of December 2024, the last full month for which numbers are available.


Rea Irvin
The New Yorker, February 21, 1925

The latest issue of the magazine, dated February 3, 2025, saw the cover price increase from $8.99 to $9.99. Why has the cost of the magazine gone up nearly four times the Consumer Price Index? 
Messenger
Kadir Nelson
The New Yorker, February 3, 2025


https://www.bls.gov/data/inflation_calculator.htm




There are certainly multiple reasons for this:  the global decline of print media, the increasing cost of keeping a talented staff wherever there's news, and the sustained loss of advertising revenue feature prominently. Certainly The New Yorker is a serious news organization today, not just a humor magazine, and such enterprises are experiencing financial challenges in all media. The good news is that subscription rates are still relatively reasonable and the magazine has not compromised its very high editorial standards.


04864

No comments:

Post a Comment