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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

British newspapers pick up Danish press hand-outs

Would you believe it? Four British newspapers are among 26 foreign titles that will receive subsidies from the Danish government this year.

The quartet of British beneficiaries are the Financial Times, which will get £78,500, The Guardian (£795), The Times (£350) and The Independent (£325).

Two big US papers will also pick up subsidies from the Danish Press Fund: the International Herald Tribune (£27,000) and USA Today (£150).

The fund's list - here's a pdf - reveals that 59 newspapers will receive a total of 347m Danish kroner (£38.8m) in 2012. The 26 foreign newspapers will together get £350,000 in total.

But Piet Bakker writes on his Newspaper Innovation blog: "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."

Though the bulk of the money goes to Danish newspapers - with one, Kristeligt Dagblad picking up £3.1m - the other stand-out facts are that Denmark's two free dailies, owned by Metro International, will each get £2.15m.

And Mecom, the loss-making company founded by David Montgomery, owns eight of the titles and will get a subsidy of more than £9m.

Source: Newspaper Innovation

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