The Federation of Independent Retailers (NFRN) has welcomed the decision by GNM and News UK to include pro rata terms for newsagents as part of recently announced price increases for news titles.
From Saturday June 5, the price of weekday editions of the Guardian will increase to £2.50, while the Saturday Guardian and Sunday Observer will go up to £3.50.
Retail margins will also increase in line with the new prices, as follows:
Monday to Friday Guardian 55p; Saturday Guardian 77p and Sunday Observer 85.7p.
Also from Saturday June 5, the price of Monday to Friday editions of The Sun will rise from 60p to 65p, with the Saturday edition increasing from 85p to 95p.
Profits per copy to newsagents will increase to 14.5p for weekday editions and to 20.3p on the Saturday edition.
NFRN National President Stuart Reddish said:
This is great news. When publishers put the prices of their titles up, there is always a danger that retailers will suffer because of reduced profits. But it is pleasing to see that GNM and News UK recognise the efforts of independent retailers to keep the news trade going during what has been an unprecedented and extremely difficult year for our industry.