Big Day a Windfall for Newspapers

Huge demand for special editions
By Peter Fearon,  Newser Staff
Posted Jan 19, 2009 4:02 AM CST
President-elect Barack Obama and Michelle wave as they arrive at opening inaugural ceremonies at the Lincoln Memorial.   (AP Photo/Jeff Christensen)
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(Newser) – Newspapers expect a multi-million-dollar windfall in extra sales to people who want a keepsake of Inauguration Day, and publishers are gearing up to make the most of it, Bloomberg reports. The Washington Post is  jacking up its price to $2, and the New York Times, USA Today and other publications plan a variety of special editions. 

“Every newspaper is getting in on this and they really have to,” said a newspaper industry analyst. “It’s a chance for some quick profits and many are struggling.” People "want to grab onto anything they can," said a spokesman for the Washington Times. "With the election, we couldn’t print enough papers.”