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Italian newspaper L'Unita to close


Italy

Italian newspaper L'Unita to close

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.

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