The Cape Cod Times added insult to injury three days after raising its price for both the daily and Sunday editions a whopping 50 percent on October 27 when a story today stated:"Beginning Nov. 3, there will be a few changes to the Cape Cod Times. The Wall Street Journal Sunday pages in the Sunday Business & Finance section will be replaced by additional local content and finance news from syndicated sources."
The popular Wall Street Journal section is owned by the newspaper's previous owners, News Corp., and the new owners, Gatehouse Media would have to now pay for this feature if The Cape Cod Times wanted to continue including it for its readers.
Other changes announced today include: "The Travel section in the Sunday Cape Cod Times will be discontinued and the editorial pages in Monday's and Tuesday's Times will be reduced from two pages to one."
"Peter Meyer, president and publisher of the Cape Cod Times, explained the goal of these changes: 'Like all newspapers, we must periodically adjust content and layout in order to balance the ratio between news and advertising space...'"
The original October 24, 2013 story is below.
Of all the days for the Cape Cod daily newspaper to be delivered several hours late, today was not the day because buried on page four of the Business Section was this small announcement:
"Cape Cod Times will go from $1 to $1.50 Mondays through Saturdays and from $2 to $3 on Sundays, effective Monday".
This is one more shocking example of the dire straights of the old print media. As daily newspapers fill their pages with more and more wire service stories and less of the more expensive locally written news, readers are dropping subscriptions in droves. The Times once boasted an Audit Bureau of Circulation (ABC) report of 65,000 daily, and today heads towards half that number while charging more for less news.
Blaming the increase on others
Publisher Meyer added, “ This is the first newsstand increase for the daily paper in 4 1/2 years and the first for the Sunday paper in 10 years. We have been sensitive to raising the price of the Cape Cod Times for many years. At the same time, like every viable business, it is important for revenue to keep pace with expense. I trust readers will continue to see the value in staying connected to their Cape Cod community through the Cape Cod Times. Other daily newspapers have raised prices in recent years. The Boston Globe is $2 daily and $4 on Sundays; The New York Times is $2.50 daily and $6 on Sundays; USA Today is $2 daily".
Sounds irrelevant and like sour grapes.
Today Red Sox owner Jow wrote: hn W. Henry announced the completion of his purchase of the Boston Globe for $70M, a fraction of what it sold for a few years ago. Along with Cape Cod Times, .Los Angeles Times, Chicago Tribune, and the Washington Post were sold recently, and in all these cases the property the newspapers sit on is worth more than the newspapers themselves suggesting that the newspapers will try to stay alive by selling their properties and renting elsewhere.
The Times editorial offices on Main and Ocean Streets in Hyannis being put up for sale may be the next attempt to stay afloat.
As one commenter below wrote: "My mom past away a few years ago. She was a longtime subscriber/reader of the CC Times. They charged us over $ 200 to place her obituary.... friends from afar who wanted to view the obit on the website couldn't. Because they weren't subscribers.
"That was the nail in the coffin... so to speak for me. Canceled subscription."
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