by Frank Morris
It’s no secret that the Internet has been hammering newspapers. Ad sales and subscriptions have been falling for years. Now, there’s a new problem — the actual paper newspapers are printed on just got much more expensive.
Since the first of the year, the Commerce Department has imposed steep tariffs of up to 32 percent on newsprint imported from Canada. While that’s boosting profits for the five remaining U.S. newsprint mills, the preliminary tariffs have raised prices nationwide and triggered something of a crisis in an already troubled industry.