Venice was also the first place to introduce what we would now call newspapers. These appeared in the mid - sixteenth century and were little sheets describing trade, war, prices and all the other things that a Venetian merchant would need to know about. They were very cheap and were known as a halfpennyworth of news or, in the Venetian dialect, a gazeta de la novita . Gazeta was the name for a Venetian coin of very little value, so called because on it was a picture of a magpie or gazeta .