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Kronen Zeitung (Mediaprint) - Austria's largest newspaper showing a 5.1% decline (€416M → €395M). Despite being the market leader, facing revenue pressure from digital disruption.
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Styria Media Group (Kleine Zeitung + Die Presse + Willhaben.at) - Stable performance (+0.4%, €307M → €308M) with significant COVID dip in 2020, but recovered. Diversification through digital assets helping.
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Der Standard - Smallest but fastest growing (+9.8%, €56M → €62M). Strong digital presence and quality journalism driving growth.
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COVID-19 Impact - All newspapers saw revenue drops in 2020, with Styria hit hardest (-8%). Recovery varied: Der Standard bounced back strongly, while Kronen Zeitung continued declining.