Danish Press Subsidies 2012
No less than 59 newspapers will receive money from the Danish Press Fund in 2012. The total amount is 347 million Danish kroner (€47 million).
The pdf of the complete list can be viewed here and shows that 26 foreign newspapers receive €420,000 in total.
Among these ‘ailing’ papers are USA Today (€180), The Independent (€390), The Guardian (€960), IHT (€33,000) and The Financial Times (€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 (€120,000).
The bulk of the money goes to Danish newspapers. Kristeligt Dagblad will get €3.8 million, Information will receive €3.5 million this year.
Børsen, BT, Berlingske, Morgenavisen Jyllands-Posten, Politiken and free dailies metroXpress and 24timer (both majority owned by Metro International) will each get €2.6 million. Free daily Urban (Berlingske, Mecom) is missing from the list of main benificiaries.
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 (see previous post). 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 €11 million in subsidies in 2012.
VAT on newspapers (subscription and single copy sales) in Denmark is zero percent.