Magazine article Editor & Publisher

Newspapers' Spending Is Steady: Naa

Magazine article Editor & Publisher

Newspapers' Spending Is Steady: Naa

Article excerpt

Newspapers this year are budgeting almost exactly what they ended up spending last year, according to the Newspaper Association of America's (NAA) annual Capital Expenditures Survey. Though their spending plans are flat, they represent a significant investment considering that newspapers went into 2001 with big capital budgets.

The 196 newspapers that responded to the survey said they are budgeting $476.05 million for capital expenditures this year, compared with actual spending of $478.33 million last year.

While newspapers may not yet know when the economic corner will be turned, they are positioning themselves for growth, said Tom Croteau, NAA's senior vice president of technology. "Newspapers have been weathering a difficult cycle over the last year or so, but the industry is in a good position as we start to see the first signs of a moderate upswing in the economy," he said.

Some clear trends emerge from the survey. Spending is flat on printing presses, but down significantly on other high- ticket items such as new plant construction, imaging devices, and both new and used stackers, conveyors, and strappers. Newspapers are opening their wallets, however, for the equipment needed to store preprinted inserts as well as for computer hardware and some communication systems. …

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