1. As Costs Soar, Will Prices Follow?
- Author
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Milliot, Jim
- Subjects
- *
PUBLISHING , *PRICE increases , *PAPER , *FUEL - Abstract
The article reveals that soaring costs of paper and energy are forcing publishers to reexamine ways to keep costs from spiraling out of control. Simon & Schuster (S&S) chief executive officer (CEO) Carolyn Reidy said the escalating prices have made S&S take a fresh look at the way they do business. One large publisher that had a $2-million increase in freight surcharges last year said costs are already running 10% over 2008. Penguin Book Group USA CEO David Shanks believes that the different cost pressures eventually will lead to higher prices.
- Published
- 2008