E&M

2020/2

Claudio Giua

When Publishers no Longer Believe in Publishing

To face the consequences of the crisis of 2008, rather than expanding online information, Italian publishers chose a path that nobody else had taken elsewhere: the sharp downsizing of corporate structures was followed by a very slow transfer of advertising investors from analog to digital platforms. Yet from 2007 to 2018, advertising revenues for the Italian press collapsed by approximately 70 percent, from 3.238 billion to 992 million euros. Despite not having official data, it is estimated that in 2019 Google and Facebook collected approximately 2.3 billion euros in advertising in Italy.

THE ACCESS TO THIS CONTENT IS FOR SUBSCRIBERS ONLY

Are you a subscriber? Login or subscribe.