There is a new label as of 2013. This yarn base itself is not discontinued but it has a new brand label. May be labeled Catania Originals.

From the Schachenmayr website:
The well-known and popular Catania is produced from high quality 100% combed and mercerized cotton. Recommended for both knitting and crochet, Catania is a great choice for summery garments and airy accessories, thanks to its cool and light weight comfort. The super wide range of more than 90 colors leaves nothing more to be desired. Very famous in the world of Amigurumis!

Important note: in order to prevent bleeding of color, please ensure that you wash your Catania garment at 60°C for the first time. After this, it should be washed according to the 40°C recommendation.

Details
Article Code: 9801210
Season: Spring/Summer
Yarn Ball Weight: 50 g
Yarn Meterage/Yardage: 125 / 137
Tension/Gauge #/stitches: 26
Tension/Gauge #/rows: 36

Recommended Knitting Needles
Knitting Needle (UK): 13-10
Knitting Needle (US): 2-4
Knitting Needle, MM: 2,5-3,5