I would say so, as in this case the printing needs to speed up, this always leads to a loss of quality and more wastage IMO, so prices go up. not to mention faster presses cost more money, this cost is passed on to the customer (Privateer in this case)
You must have been out of the print trade a long time!
Modern fast presses have led to far better and more consistent quality, and cheaper prices too. Make-ready times are bugger-all, as is wastage. A short magazine run like this is a piece of cake to a modern Heidelberg or Komori press.
The cost of Privateer will be down to two things…
a) As with everything in the print trade, the less you have the higher the unit cost.
b) To keep it exclusive, which probably explains most of the cost!