As the printed press has struggled to cope with the end of an era of plenty and the collapse of the newspaper business model, the odd voice has played with the idea of subsidising the press. Here’s why that might be an idea to be briefly considered, but it’s also one to reject.
After all, such would-be saviours of the endangered species of printed news ask, don’t we all subsidise the BBC, to the tune of £4bn a year, through a licence fee which is a tax by another name? Do papers not enjoy a tax break by not paying VAT? Don’t other European countries do this and don’t they manage fine?
Not in France they don’t. Journalist Sebastien Fontenelle has just been having another go at newspaper and magazine subsidies there and bringing the story up to date. As he rightly remarks, major newspapers like Le Monde and Figaro use a lot of ink telling the state and government to reduce government spending and debt while hypocritically burying the figures on the subsidies they receive and doing nothing to abolish or reform the system.
Official figures show that the France spent €5bn between 2009 and 2011, amounting to 15% of the industry’s turnover. You might imagine that this money was distributed to high-minded but loss-making publications on politics and economics. In 2013, nearly €20m was handed to the four magazines devoted to TV listings and small screen celebs.