The Boston Globe informed its readers this morning of details of price increases for home delivery, effective June 1.
Within the Greater Boston area, the new price of a seven-day subscription will be $12.25 per week, an increase of 50 cents per day Monday through Saturday, the paper said. That works out to a 32 percent increase for a week.
The price for home delivery Thursday through Sunday will be $8, the Globe said, and the cost of a Sunday-only subscription will remain $3.50.
In a letter to subscribers, Globe Publisher P. Steven Ainsley explained that the financial pressures are forcing the paper to raise prices.
"Given the major changes in the newspaper business, we need to ask all our readers to lend us increased financial support to help ensure that we can continue to publish meaningful and original reporting every day," Ainsley wrote.
The home delivery comes on the heels of a price increase at the newsstand to $1 from 75 cents in the city zone, and to $1.50 from $1 outside Greater Boston. The newsstand price of the Sunday Globe also rose to $3.50 within Greater Boston and $4 outside the region, from $2.50.
Ainsley also wrote that since early April when the Globe's financial troubles were made public, "thousands of Bostonians have contacted us by phone, email, and letters to the editor, indicating their strong desire to preserve The Globe's journalistic voice."
Despite the higher prices, Ainsley called the Globe a "great value" and stressed that "Your continued subscription directly supports the Globe's ability to play an important civic role in the greater Boston community."
The New York Times Co., which owns the Globe, has said that the Globe is on pace to lose $85 million this year without significant cost savings. The Times Co. has also said that it might have to close the Globe if Globe unions don't agree to concessions.
Rates may vary by area, and subscribers who pay by credit card will continue to receive a discount off the new rates. For more information about Globe prices, please click here.