Media News - Tuesday, January 10, 2012
Danish Press Subsidies 2012
No less than 59 newspapers will receive money from the Danish Press Fund
in 2012. The total amount is DKK 347m (EUR 47m).
The pdf of the complete list can be viewed here and shows that 26
foreign newspapers receive EUR 420,000 in total. Among these ‘ailing’
papers are USA Today (EUR 180), The Independent (EUR 390), The Guardian
(EUR 960), IHT (EUR 33,000) and The Financial Times (EUR 95,000). This could be
the last year that non-Danish papers will get a subsidy as there is much
resistance in parliament against this part of the law. The largest
subsidy for a ‘foreign’ paper, however, goes to German Danish language
paper Flensborg Avis (EUR 120,000). The bulk of the money goes to Danish
newspapers. Kristeligt Dagblad will get EUR 3.8m, Information will
receive EUR 3.5m this year. Borsen, BT, Berlingske, Morgenavisen
Jyllands-Posten, Politiken and free dailies metroXpress and 24timer
(both majority owned by Metro International) will each get EUR 2.6m.
Free daily Urban (Berlingske, Mecom) is missing from the list of main
beneficiaries. For Metro the subsidy is good news, as there is a
discussion going on in Denmark about the press subsidies in general and
in particular those for free papers. Without the subsidy not only Metro
Denmark would lose money, but the whole company would suffer. Mecom,
with eight titles getting a subsidy, profits much more. In total the
loss-making company receives almost EUR 11m in subsidies in 2012.
VAT on newspapers (subscription and single copy sales) in Denmark is
zero percent. (Newspaper Innovation)
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