The Papers' Perspective
The papers involved in the newsboy strike of 1899 had their own argument as well, many times, their perspective is overlooked.
Even with all of the claims the newsboys had of the papers being at fault, Pulitzer and Hearst really felt justified in keeping their price the same, so some feel it is reasonable that they were not planning on lowering the prices from the "war price".
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"Their complaint is the refusal of the newspapers mentioned to sell the newspapers wholesale at 50 cents per hundred instead of 60 cents per hundred, which is the regular price and has been the regular price for evening newspapers in New York City for ten years or more." |
One reason The Evening Journal felt justified about their side was the loss of approximately $100,000 annually. Which is the equivalent of about $2,777,556.56 yearly in today's money. As well as the fact no other paper gave newsboys as big of a profit as the Evening Journal, which gave a 66 cent profit on the dollar, with the benefit of buying back any unsold newspapers.
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"If you invest one dollar in Heralds, which sell for three cents, your profit is 25 cents on that dollar. |