Make NFRN your homepage

Home > Latest News > NFRN Condemns Johnston Press: Download Profit Calculator

NFRN Condemns Johnston Press: Download Profit Calculator

Published by: Joe Lenane | Published Date: 1st October 2012

Independent newsagents have reacted angrily after Johnston Press cut profit margins by up to 8.48% on some 37 regional titles throughout the UK.

On the back of recent carriage charge inflation, thousands of independent newsagents have reacted angrily after Johnston Press cut profit margins by up to 8.48 per cent on some 37 regional titles throughout the UK.

Alan SmithNFRN National President, Alan Smith, said: “Johnston Press has failed to acknowledge industry protocols in unilaterally slashing retailers’ margins, to the detriment of the regional press as we know it. If they think these cuts can be used to finance their online strategy without a fight, Johnston Press is gravely mistaken. We will be communicating these cuts to all of our members.

He continued, “We will be asking what part wholesalers played in allowing this to take place. It is unsustainable to continuously slash retailer margins whilst simultaneously imposing carriage charge hikes. Such action sounds the death knell of the industry and publishers and wholesalers must start conducting their business in a sustainable manner if they don’t want the industry to fail.”

Download your Profit Calculator

To further understand the profit lost of this decision, members are advised to download your Profit Calculator and are pointed towards the final column where we have calculated the price you should now charge your customers to maintain the same profit levels.

There are 0 comments about this article

You need to be logged in to be able to comment

© 2014 - National Federation of Retail Newsagents - Yeoman House, Sekforde Street. London. EC1R 0HF

Web design and developement