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Italian newspaper L'Unita to close

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Italian newspaper L'Unita to close

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Left wing Italian newspaper L’Unita is to close on Friday.

Increasing debt and plunging sales are reportedly to blame.

Shareholders failed to agree on a future strategy for the newspaper.

Prime Minister Matteo Renzi’s centre-left Democratic Party (PD), which retains a small stake in the newspaper, had promised its support but said it was not responsible for the paper’s problems.