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Guess what? Subscriptions to the Virginian-Pilot newspaper have dropped a whopping 4.6% in the past year.
Guess what? It’s blaming its freefall of subscribers on the fact that they raised prices 10%.
“Mark Quan, the Pilot’s circulation director, attributed the decline in part to a 10 percent increase in subscription rates”
Hmmm. Let’s see. Increased prices leads to less economic activity.
If only the Virginian-Pilot editorial board would understand the impact of raising taxes the way their circulation director understands the impact of price increases…
