Shaun Green, left, has announced the 10 pence increase to the cost of the Guernsey Press, which he says will be preferable to readers than “damaging cuts”.
The Press published an eight-page special publication outlining the reasons behind the move inside the newspaper, which will also be delivered later this month to every household in the island.
The increase came into effect last week, with each edition now costing 75p.
Shaun says the decision has not been taken “lightly” and that the increase is “more than we would wish”.
In an editorial about the change, he said the Press had noticed a “considerable fall” in job advertising since last September, following Brexit and in the run-up to the US elections.
He wrote: “Both of these global factors have created uncertainty for businesses here, particularly in finance, and we have certainly experienced a drop-off in spend from that sector during this time.
“As the community’s newspaper for more than 200 years, the Guernsey Press has been working hard to respond to these latest challenges and to improve efficiencies.
“We have had to take the very difficult decision to operate with fewer people and, by using technology advancements and working smarter, we have managed to avoid damaging the quality of the newspaper in the process.
“Our choice now is either to make further cuts, which will harm the Guernsey Press product, or to increase its cover price. We have chosen the latter route because we believe it will be preferable to readers rather than making damaging cuts.”
Shaun concluded: “The company regrets having to take this step but we wanted to explain our decision fully.
“We hope you will agree that the unmatched local coverage of our community that we provide is worth a little extra cost each day.”