With the purchase of the newspaper from administrative compulsory liquidation, il manifesto comes out from the limbo into which it crashed four years ago and can finally look to the future free from financial debts of the past.
For the collective and for readers, this three-and-a-half-year period was very difficult but exciting.
We might seem like a historical journal, with 45 uninterrupted years on newsstands, but in fact from 2013 to the present, we have been more like a young start-up than an established business. With this very important turning point in the newspaper’s history, it can be said that the new manifesto was born.
From the economic point of view, the new cooperative has learned the hard lesson of liquidation and has managed not only to continue publication but also rehabilitated the accounts and revived — with good judgement — the newspaper, supplements and digital editions.
The last financial statements for the year ended Dec. 31, 2015, and approved unanimously a few days ago by the partners, saw a net profit after tax of €515,332 (taxes in 2015 amounted to €115,784).