24 Minuti will close April 1

Free Italian afternoon daily 24 Minuti, published by business paper Il Sole 24 Ore, will close down April 1. Giancarlo Cerutti, chairman of the Il Sole 24 Ore group said that “the current market conditions of the free press do not permit us an alternative”. (Asca)

The paper was launched in October 2006 in two editions in Rome and Milan. The paper claimed an (unaudited) total circulation of 450,000.

Italy is still one of most competitive free newspaper markets in Europe, with five morning titles (Metro, Leggo, City, E Polis and DNews) left after the closure of 24 Minuti.

The oldest free daily in Italy, Metro (launched in 2000 in Rome) will close down three local editions in Venice, Verona and Padova on April 1 as well.

Total free circulation in Italy is now 4 million, against a paid circulation of 5.5 million.

One Response to “24 Minuti will close April 1”

  1. 24 Minuti closes down « European Media Blog Says:

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