W. H. Gantz, Postal Riders and Raiders
“ Such periodicals realize about 121⁄2 cents each for subscribed copies and 8 cents net for copies delivered in bulk to newsdealers and agencies. The first item of expense the publisher incurs, therefore, is in the issue cost of production over what he receives for the copies issued. It is knowledge common to every periodical publisher, newspaper as well as magazine, that every subscriber as well as news-stand buyer of his periodical is a subsidized reader. Do you catch the import of that statement? ”
