Egyptian newspapers are in deep water after a major state-run printing service announced its decision to increase printing prices following the November decision to float the pound. This takes place amid an ongoing decline in newspaper distribution, and observers expect that some newspapers will collapse entirely following the decision.
In late November, the state-run Al-Ahram printing service sent a letter to all its contracting Egyptian newspapers to announce it would raise printing costs by 80% starting Dec. 15, due to the increasing value of the US dollar against the Egyptian pound.