Newspapers and magazines

Trinity Mirror, the owner of the Daily and Sunday Mirror newspapers, is putting the prices of its Sunday titles up amid calls from newsagents to increase their profit margins.

The price of the Sunday Mirror and Sunday People will increase by 50p to £1.50 this Sunday.

Retailers will receive an extra 2.1p, from 29.4p to 31.5p, for every copy sold as a result of the hike.

It comes two months after the National Federation Of Retail Newsagents wrote to Trinity Mirror chief executive Simon Fox after the publisher announced a 0.9% cut in the margin retailers would receive for handling its daily and Saturday titles.

The NFRN met with national newspaper publishers and news wholesalers last Tuesday to discuss how they could make the news industry more profitable.

“We are pleased that the representatives from Trinity Mirror who were present at our summit have listened to the NFRN and its concerns and taken positive action,” said NFRN chief executive Paul Baxter.

“Independent retailers are facing ever-increasing operating costs and are dependent upon pro rata terms to remain viable.”