Privately-owned media house, Alpha Media Holdings (AMH) has increased the cover prices of two of its three publications with immediate effect.
The company publishes the popular daily, Newsday, and two weeklies namely, the Zimbabwe Independent and the Standard.
The prices of Newsday and the Zimbabwe Independent have been increased while that of the Standard remains the same.
Newsday now cost US$1 each or ZWL$3, up from ZWL$2. The Standard’s cover price remains at ZWL$3 or US$1, while the Zimbabwe Independent will be selling at US$1 or ZWL$5, up from ZWL$4 per copy.
Announcing the price adjustments, AMH finance director Brian Maphosa said:
Basically, we want to stay in business and at the current pricing, we were not going to be able to print the quality news that we are known for because it is a cost in terms of gathering the news.
This includes getting newsprint and printing the paper to put on the street to sell, of which all these costs have gone up, which are in United States dollars, which we do not earn.