Post&Parcel--Newspapers and magazines in the United States have their postage costs subsidised by the US Postal Service to the tune of $642m a year, according to an important new report.

The long-awaited study on periodicals mail service shortfalls from the Postal Regulatory Commission (PRC) and the USPS itself said postage rates currently cover only 75.5% of periodical mailing costs.

The study, based on 2010 figures, saw the PRC suggesting that at best, the Postal Service would be able to save $349m a year by improving its service efficiencies. Read more!
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