Italian newspapers and magazines see double-digit revenue declines, nearly 20% drop in advertising revenues; recent economic recovery in country unlikely to affect print journalism, industry insiders say

Aimee Bellah

ROME , April 16, 2014 (ANSA ) – There is no recovery in sight for Italy's enfeebled print-journalism industry, a report issued Wednesday said. Last year revenues for newspapers and magazines both suffered double-digit declines, with advertising revenue down nearly 20%, according to Italian newspaper and magazine publishers federation FIEG. "In the last month of 2013 and the first part of this year, there were signs of economic recovery in the country," said the report, which stressed however that the recovery will "have a very limited impact on print journalism, where problems are both structural and cyclical".

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