Austrian daily newspaper “Κurier” published a report on the increasingly harsh blow the Greek media must withstand amidst the debt crisis plaguing the country. Newspapers, radio and TV channels are shutting down, while hundreds of journalists and technicians have been left without a job in the past few months.
As reported, the main cause for the crisis in the media is the dramatic decrease of advertisements, almost reaching a 60% decline. Moreover, the banks are no longer willing to aid the media businesses suffering from financial difficulties by giving them low-interest-rate loans. As Mr. Demetrios Trimis, president of the Editors Union of Athens Daily Newspapers, described the situation to the German News Agency, “we are slowly bleeding to death”.
According to the Austrian report, the first of the crisis victims was conservative Athens newspaper “Apogevmatini”, which shut down in November 2010. Lately, one of the most important and left-liberal newspapers “Eleftherotypia” has declared bankruptcy and stopped publication.
The private TV channel ALTER is also being mentioned,“where its employees have been unpaid for months and continue their strike to demand their rightful money”. As far as the national broadcasting channel ERT is concerned, the report emphasizes the daily basis strikes and the numerous shut-downs of many local radio stations.
Lastly, the report points out that before the economic crisis broke out, the Greek press had witnessed a tremendous boost and many of its funds and assets came from advertisements. That is why Greece, with its only 11 million population, had 8 different sports newspapers, 7 private and 3 state nation-wide broadcasting channels and more than 100 local TV channels.