"This report presents four models of direct media subsidies in Europe: from Serbia, Croatia, Sweden and the European Union as well as an overview of reduced VAT rates for newspapers, digital publications and periodicals in EU countries and Serbia. In recent years, the value of direct state aid for m ... edia has been questioned, while indirect subsidies, such as tax exemptions, have been the model preferred by governments and welcomed by media owners. This is especially the case with reduced VAT rates, which have been introduced in all EU Member States and beyond." (Executive summary) more