Fairfax has announced the cover price of the Australian Financial Review increases 8.5% from Tuesday April 7 yet the gross profit increase permitted by Fairfax to retail newsagents is only 2.5%.
Fairfax is double dipping. They are increasing the cover price and reducing the margin permitted.
This is an appalling move by Fairfax against small business newsagents. It’s unethical and socially irresponsible. Shame on you Fairfax.
A newsagent selling the Australian Financial Review for $3.80 will make only $0.3636 from the sale. My AFR pocket costs me $2.50 a day. The retail space cost increases 5% a year. Sliding backwards as I am with the AFR while Fairfax improves their situation leaves me wondering whether stocking the title is worth it. The good news is this is a decision I can make.