| New Vision hikes advertising prices |
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THE New Vision chief Robert Kabushenga had both good and bad news for the company’s advertisers yesterday. During a breakfast meeting at Protea Hotel in Kampala, he announced that the upgrading of the printing press had been completed, allowing for more colour pages and faster printing. “We are planning to raise money to further improve our printing capacity and quality and enhance investments in electronic media,” Kabushenga said. He further announced that The New Vision had recorded a growth in circulation of 5,000 copies. The New Vision website www.newvision.co.ug will be revamped by the end of July to become an independent source of news and information. The bad news, he said, was that the group had to increase its advertising rates due to the rising cost of imports such as newsprint. The 11% raise takes effect from July 1. “The cost of doing business has gone up and we have to take this into account and increase our rates. With these realities, we have no choice.” He said.                |
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