IMPRESS 2019 Fees Consultation: Results
Following the consultation with participating publishers which ran from to 1 February to 1 March 2019, and the consultation held with potential members and the public from 15 March to 15 April 2019, IMPRESS will charge members an annual subscription fee based on 0.1% of turnover which will be measured by the net sales generated by the business in activities of, and related to, news publishing, in the publisher’s most recent 12 month accounting period. The new charging system will apply to all fees that fall due on or after 15 May 2019.
On 15 March IMPRESS opened a four-week public consultation into its funding arrangements and annual subscription fee charging system which closed on 15 April. By consulting with the wider news publishing industry and the public we sought to meet our obligations under the Royal Charter for self-regulation of the press which requires approved regulators to comply with recognition criterion 6:
Funding for the system should be settled in agreement between the industry and the Board, taking into account the cost of fulfilling the obligations of the regulator and the commercial pressures on the industry. There should be an indicative budget which the Board certifies is adequate for the purpose. Funding settlements should cover a four or five year period and should be negotiated well in advance.
The consultation paper was published on IMPRESS’s website and was distributed to subscribers to our monthly newsletter. The consultation sought responses from potential future members and from others who have an interest in our work and who want to make constructive suggestions. We invited current members to provide further information if they wish, regardless of whether or not they responded to the annual participant consultation that closed on 1st March 2019, which consulted on the same proposals. The consultation encouraged news publishers to respond to this consultation, whether or not they are currently a member of IMPRESS.