The New York Times to Cost $2

The New York Times is going to raise the cost of each issue to $2 in June, up from $1.50. The Sunday  paper will cost $5.00. It seems like a suicide bid given the straightened times, but it’s an indication of how desperate the paper is. Reporters there have accepted a 5% pay cut and sections are being axed left and right. Subscriptions are not increasing – yet, but they’re not making any promises. LINK.