100 Italian newspapers under threat of closure due to Italian government cuts

Up to 100 newspaper titles in Italy are facing closure because of the government’s subsidy cuts – down from EUR 170m a year to EUR 53m. The include Liberazione, a communist daily; L’Unita, the paper founded by Antonio Gramsci; Il Manifesto, an independent left-wing paper; and Avvenire, a popular Catholic daily. But the bulk of the closures will involve local papers across the country. According to the Financial Times’s report, The subsidies are now viewed as a wasteful abuse of taxpayers’ money to prop up a declining industry with limited readership (Liberazione publishes about 5,000 copies). The cuts, ordered by the previous government of Silvio Berlusconi, have been confirmed by Mario Monti’s administration. Mainstream newspapers – such as Corriere della Sera and La Repubblica – will continue to benefit from indirect subsidies, such as VAT waivers on copies sold by subscription and reduced postal delivery costs.

http://www.guardian.co.uk/media/greenslade/2012/jan/03/italy-newspapers?CMP=twt_fd

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s