VIENNA, VA — Newspaper publishers in the United States expect to spend almost $800-million (all figures in US dollars) for capital equipment improvements in 2000 — a 44% jump from actual spending re…
VIENNA, VA — Newspaper publishers in the United States expect to spend almost $800-million (all figures in US dollars) for capital equipment improvements in 2000 — a 44% jump from actual spending reported in 1999 — said the Newspaper Association of America’s annual capital expenditures survey. “The newspaper industry is very strong economically, and that’s reflected in these numbers,” said Tom Croteau, the association’s senior vice-president, technology. “The industry’s is returning considerable money into improving its quality, distribution and processes. The result is an even better product.”
The 186 newspapers responding to the survey said they plan to spend on such items as plant construction ($249-million), new presses ($143 million) and new computer software ($102 million). Computer hardware will also capture a significant piece of the budget, with projected spending at $74.6 million.
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