Diario Libre carries a preview of its sister publication Rumbo’s study on the effects of the current economic crisis on the media. The peso devaluation and reduced advertising spending have affected all quarters without exception, according to the study. Advertising revenues have fallen sharply in all the daily newspapers, except for Diario Libre and banks, especially the defunct Baninter, had previously been the leading spenders for promotional space and publicity. The currency devaluation has meant an increase in operational costs, as imported materials now cost more. The free newspapers are faring well, however, and Hoy and El Caribe especially have been able to capitalize on the crisis at the offices of their competitor, the government-intervened Listin Diario. With increased costs and reduced advertising inflow, wider circulation is a double-edged sword, as it would mean further financial losses for the press. Television news channels like CDN and RNN are also going through a tricky period, as they struggle for their small share of the viewing market, amidst advertising revenues that are also lagging.