Sunday, April 12, 2009

Dailies suffering in Europe, too; Netherlands, Germany, Sweden notable exceptions

The faltering state of European dailies appears a grim replay of events across the Atlantic, where a slew of American newspapers have declared bankruptcy in recent months. Both groups are struggling with aging readerships and with a new, Internet-savvy generation accustomed to getting news fast and free.

“Structurally, the two markets are similar,” said Nicolas Reffait, media managing director at BearingPoint, a French consulting group.

But experts say the situation is not so dire in Europe, where newspaper circulation is declining more gradually than in the United States.

Some European governments are offering subsidies to the industry, and there are also a few bright exceptions - in Sweden, the Netherlands and Germany - where there may be a future for dailies after all.

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