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The famous financial daily, The Wall Street Journal, may be thinning itself from a width of 15 to 12 inches and the globetrotting newspaper designer Mario Garcia may be pushing for a compact, but it doesn't appear that the Dow Jones' flagship will be cut down to tabloid size.

Garcia is currently working on a redesign after having helped the Journal add color to its front page in 2002.

On October 1, the price of one ton of newsprint rocketed $35 to $625, reports the Washington Post. Prices have risen steadily since 2002, when a ton cost $435. Prices increased about 11% in August and September "as a host of commodity prices were pushed up by rising energy costs", reports Smart Money. Newsprint is produced mainly in Canada and the southern US. Consolidation in the industry has lead large news print manufacturers to reduce manufacturing capacity. John Morton, newspaper industry analyst, said in the Washington Post, "The era of cheap newsprint for the newspaper business is over. And we can count on fairly regular price increases. At $625 per ton, [manufacturers] are just edging on profitability."

The New York Times, currently with a width of 14 inches, is "considering going to a smaller width, but had not made a decision", the paper reported on Wednesday. On Tuesday, the Wall Street Journal had announced to reduce the width of its U.S. edition (see previous posting). Both moves are connected to the rising newsprint price (see former posting).

The New York Post writes that in all, the Times' "shrinkage would save more than $22 million a year in raw materials". It looks like Pelle Anderson's prediction that the Gray Lady will be transformed into a compact might come true one day. Newspaper designer Anderson said in September, "I think the future will make a liar out of Sulzberger. The New York Times will certainly be transformed into a compact format ... The derogatory term 'tabloid journalism' has largely lost its meaning in the rest of the world, and it will do so in New York as well, when the time comes for the grey old lady to slim dow" (see former posting).

Sources: New York Times, New York Post