Postmaster General Louis DeJoy said the U.S. Postal Service will be forced to initiate “uncomfortable” price increases for market dominant USPS products such as first-class mail, marketing mail and periodicals, while shippers using Parcel Select Ground can benefit from use of cubic pricing. The USPS’s new pricing schedule goes into effect July 10, with the agency warning that twice-yearly pricing adjustments will be the norm going forward, even as the delivery service standard has slowed. The USPS delayed implementation of the service slowdown until after the peak holiday season. The recent Postal Reform Act’s undoing of mandated prefunding of retiree healthcare benefits will save $50 billion over 10 years by switching pensioners to Medicare – which many argue causes other economic liability issues. But DeJoy said that still leaves a projected $110 billion dollar USPS loss over that period.
Ogden Newspapers is acquiring KPC Media, the publisher of numerous publications in northeast Indiana, the firm has announced. Terms were not disclosed.
Conducted in partnership with Journal Gazette Co. and its Fort Wayne Newspapers, the purchase follows Ogden’s acquisition last year of Swift Communications, publisher of newspapers in Colorado, Utah and California markets.
The KPC purchase includes three dailies: The News Sun, Kendallville; The Herald Republican, Angola; and The Star, Auburn.
more at source: https://www.mediapost.com/publications/article/374225/ogden-newspapers-to-acquire-indianas-kpc-media.html