InfoAnda - France's ailing Le Monde newspaper seeks saviour

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.S. lawmakers make rare visit to Gaza | 20 February 2009
Eritrea sick of Somalia arms accusations | International | | 4 May 2009
Khamenei to lead prayer amid Iran poll unrest | 19 June 2009

EA in the red for 12th quarter in a row | 10 February 2010

Forum Views () Forum Replies ()

Read more with google mobile : France's ailing Le Monde newspaper seeks saviour

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology France's ailing Le Monde newspaper seeks saviour AFP - Wednesday, June 9 Send IM Story Print France's ailing Le Monde newspaper seeks saviour PARIS (AFP) - – Le Monde, France's most prestigious newspaper, may soon end up in foreign hands if it finds a saviour willing to pay off its crippling debt but let it keep its cherished editorial independence. The newspaper's journalists were given a controlling ownership stake -- and the right to sack the editor -- when the daily was founded by Hubert Beuve-Mery in 1944 after the occupying Germans were driven out of Paris. Beuve-Mery wanted to set up a fiercely independent daily untainted like other French newspapers by collaboration with Nazism. But that autonomy is likely to end this month when Le Monde group hopes to sell a majority stake to a new -- and possibly foreign -- owner who will be able to pay off its 100-million-euro (120-million-dollar) debt. Falling advertising revenues, dwindling circulation, the challenge of the Internet and the economic downturn have left Le Monde, like many of the world's newspapers, struggling to survive. But its publisher Eric Fottorino struck a confident note in a front-page letter to readers last week that said "a page of the daily's history is about to turn" that will leave the paper ready to stride boldly into the future. Fottorino said five bidders -- three of them foreign -- had declared an interest in taking control of the high-brow paper that hits the news-stands in the early afternoon. He named them as France's Nouvel Observateur group; Prisa, the owner of Spain's El Pais daily; Ringier, the publisher of Switzerland's Le Temps; and a trio of investors that includes Pierre Berge, the former partner of the late fashion designer Yves Saint Laurent. Fottorino did not name the fifth bidder but on Tuesday Le Monde executives were in Milan for talks with the Italian press group L'Espresso. The field was reduced to four when Ringier pulled out on Tuesday, complaining that the mid-June deadline was too tight for the necessary in-depth examination of Le Monde's accounts. The rush to find a financial saviour was also criticised Tuesday by Le Monde's journalists' association, currently the main shareholder, which said the deadline to find a new partner was "unrealistic and untenable." Bidders are expected to deliver their initial offers by Wednesday and their definitive bids by Friday. Fottorino wrote that whichever bidder is picked, he will insist on a "guarantee that the new shareholder will not intervene ... in the content of our titles." Editorial freedom is "the number one concern" for journalists at the newspaper, who see it as the "raison d'etre" of the left-of-centre daily, said one Le Monde reporter who asked not to be named. Getting paid is another major worry, she added. "When you hear everybody saying that if a financial solution is not found our salaries will not be guaranteed, then obviously you have got to hope that the crisis be sorted out in one way or another," she said. Today around 280 journalists work for the daily, which has a circulation of about 290,000. The group formed by Pierre Berge includes banker Matthieu Pigasse -- who recently bought the trendy culture magazine Les Inrockuptibles -- and the telecoms billionaire Xavier Niel. They last week wrote an open letter saying if their bid is successful, "we plan to serve Le Monde and not to use it to serve us." The other French candidate, the Nouvel Observateur group, also said it wants Le Monde to carry on doing what it has been doing since its creation. The plan is to "build a left-of-centre press group that is powerful and independent of all influence: the government, political parties, the CAC 40 (Paris stock market), banks," said publisher Denis Olivennes. French media giant Lagardere has a 17-percent stake in Le Monde but Fottorino said it was not seeking to increase its holding. Prisa owns 15 percent of Le Monde group, which as well as the daily has a stable of magazines. Recommend Send IM Story Print Related Articles New HP printers can print from smartphones AFP - 1 hour 58 minutes ago Google puts 3D models of World Cup stadiums online AFP - 2 hours 57 minutes ago France's ailing Le Monde newspaper seeks saviour AFP - Wednesday, June 9 High-speed Internet cable to link Europe, W.Africa AFP - Wednesday, June 9 Beckham teams up with Yahoo! on Cup coverage AFP - Wednesday, June 9 News Search Top Stories Swiss lawmakers reject US-UBS tax evasion deal World Cup delight as family says Mandela to attend opener Austerity anger grows in Europe Berlin Air Show takes off with record 'superjumbo' order Obama 'would have fired BP chief' More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Obama 'would have fired BP chief' White House press legend quits amid Israel row Charlie Sheen plea deal hits snag Aquino wins Philippine presidential election Barack's no mug: red-faced Aussies in spelling gaffe More Most Viewed » Hubble catches planet being devoured by its star The point about pain: New study sheds light on acupuncture US team creates first 'synthetic life' Paris museum burglar grabs 120-million-dollar art haul Clashes as Israeli forces storm Gaza aid boat: Hamas TV More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Wednesday, 9 June 2010
Iran says no talks on nuclear issue if sanctioned
Austerity anger grows in Europe
Google puts 3D models of World Cup stadiums online
Bomb kills 2 US troops; NATO losses at 24 for June
France's ailing Le Monde newspaper seeks saviour
Berlin Air Show takes off with record 'superjumbo' order
Swiss lawmakers reject US-UBS tax evasion deal
High-speed Internet cable to link Europe, W.Africa
Dutchman, suspect in teen's disappearance, confesses murder
Beckham teams up with on Cup coverage
Israel consulting U.S. on probe of Gaza ship raid |
Mexican Oil Company Lawsuit Accuses U.S. Companies of Theft Conspiracy
Spanish public workers strike against cuts
European court upholds EU's cap on mobile calls abroad
Iran says no talks on nuclear issue if sanctioned
Spain strike ends on downbeat note at Madrid march |
India needs more Internet infrastructure: report
S.Korean president joins Twitter after poll setback
McDonald's Sales Rise In May On European Strength
U.S. Border Patrol Agent Kills Mexican Teen
Iraqi Kurds seek help to halt Iranian incursion |
Klan Leader May Have Name Removed From University Dorm
Disney Helps Ocean Conservation Efforts With "Oceans" On Blu-Ray And DVD
U.N. readies Iran sanctions vote |
GM To Recall 1.5 Million Vehicles
African Union welcomes Eritrea, Djibouti mediation deal |
White Powder Hikes Calls For Investigation Of May Mosque Bombing
Lehman Looks To Invest $255 Million in New York Building
U.S., France press for Japan-India nuclear deal: report |
Remastered, Sing-Along Version Of “Grease” Heads To Select Cities
Vanessa Hudgens Movie "Beastly" Pushed Back To 2011
North Korea can beat Brazil, says 'Asian Rooney'
Ki warns South Korea over World Cup hopes
Greek actor and drama coach Voutsinas dies
Yahoo signs Beckham as brand ambassador |
Second life for Lacroix creations
Egypt church urges review of remarriage ruling
Mumbai plans world's tallest apartment block
French chefs coax young east European cooks to their best
Japan PM stresses need for fiscal rebuild
Thinking man's mystery: Stolen Descartes letter returned
Time is right for China to reform the yuan: govt researcher
Greek actor and drama coach Voutsinas dies
US singer Brown postpones British gigs after visa ban
Environmental international film fest opens in Brazil
Lebanon activists call for Placebo gig boycott over Israel
Egypt prosecutor dismisses 'Arabian Nights' ban
Cirque du Soleil creates quirky Canada vision for World Expo
New film undoes Joan Rivers' cosmetic makeover |
Belinda Carlisle memoir captures punk roots, pop stardom |
Merkel, Sarkozy seeking faster market regulation
'Inchoate' tops list of most-looked-up NY Times words
U.N. council to hit defiant Iran with new sanctions |
Leading Iran journalist gets 30-year writing ban
Israel set to accept 'quid pro quo' Gaza deal: report
Gunmen attack NATO trucks near Pakistan capital |
BP buying search terms to point Web surfers to own site
World Cup delight as family says Mandela to attend opener
Gunmen destroy NATO supply trucks in Pakistan
Dutch go to the polls, centre-right liberals lead
UN Security Council to vote on Iran sanctions on Wednesday
New HP printers can print from smartphones
Billion-dollar cocaine seizure in Gambia
U.S. Markets Rise On Late Broad-Based Rally
Obama to offer Gaza aid to Abbas in flotilla aftermath |
Lady Gaga, Metallica Headline "DJ Hero 2"
Austerity anger grows in Europe
New Japan minister denies office expense misreport |
South Korea to send aid for children in North |
Spain strike ends on downbeat note at Madrid march |
US warms to Ecuador, possibly distancing Venezuela
Killings and repression hit world workers: union report |
Minimum and maximum temperatures in Celsius
S.Korea general faces arrest for spying: report
S.Korea to ship aid to North despite tensions
Malaysia officials to trap rhino for breeding
S.Korea seeks to cut work hours, boost birth rate
Hulu plans to charge, expand to devices: sources |
Sprint says it overstated EVO launch day sales |
Microsoft, Adobe fix security flaws |
China farmer uses cannon to fight eviction
IMF warns Asia of spillovers from European crisis
Honda says factories in China remain closed
Six China judges hurt in acid attack
Asian computer firms betting on a 3D future
Cautious welcome for Japan's new government
Sinopec to boost refinery output on strong demand
Bhopal: 25 years for justice, even more for clean-up
Rising China wages may end cheap labour: experts
Thai girl, 5, killed in grenade attack
S.Korea jobless rate falls in May for fourth month
Irina Ionesco: from erotica to fashion at 74
Flatulent dog to trumpet Australian mining culture
Drought threatens Thailand's rice crop
Fever pitch: Football's just a game... isn't it?
Foxconn to pass on China wage rises to customers
Beach 'creamers' to pamper French tourists
Sony to film World Cup games in 3D
Spain to reopen access to prehistoric cave paintings
Honda suspends production at 2 China factories
Princess Diana dress fetches over 275,000 dollars in London
Lindsay Lohan's drinking leads to near arrest |
Emmy-worthy guest performers deliver under pressure |
Eminem's Recovery album leaks two weeks early |
In death, Gary Coleman's life takes strange turns |
Toy Story 3 an inevitable box office smash |
Erykah Badu sparkles, brighter than ever |
NATO helicopter shot down in Afghanistan
Finland slips back into surprise recession
Obama to discuss Gaza's plight with Abbas: official
Netanyahu says ready to testify in flotilla inquiry |
Former Obama Apartment For Rent
North Korea denies sinking South ship in letter to U.N. |
Copter shot down in Afghanistan; 4 Americans dead
UN to slap fresh sanctions on Iran
NATO helicopter goes down in southern Afghanistan
Israel eases Gaza embargo to allow snack food |
Tea Party Pick Gets Republican Nod In Race To Unseat Harry Reid
Afghan girls fall ill in class; 20 hospitalized
John Stamos To Join "Glee" As Recurring Guest Star
Massive Fire Prompts Evacuation In Nevada
Rogue trader Jerome Kerviel blasts SocGen risk controls |
Jesse Williams To Return To "Grey's Anatomy" As Series Regular
Men Armed With Toy Gun Attacked By Intended Victim With Machete
Russia's Putin says thinking about 2012 election |
Lincoln Emerges Victorious In Arkansas Democratic Runoff
Christians view Syria as haven in unstable region |
Fiorina, Whitman Win California GOP Primaries
Austerity main issue in Dutch vote |
Panel Slams FDA's Role As Food Regulator
Fresh farm raids in Zimbabwe: union
Earlier School Start Times May Be Linked With Teen Car Accidents
Bosnia court indicts 3 Serbs over wartime killings |
Dozens hurt in China labour unrest
50 hurt as China factory workers, security clash
China confirms jail term for quake activist: lawyer
Apple's iPad muscles into corporate Asia after retail buzz |
BP buys search term oil spill from Google |
Hitachi hints British train deal could be derailed
Sri Lanka's post-war boom accelerates
Software lets students take exams at leisure |
Hyundai resumes India production despite strike
Honda hit by strike at 2nd parts factory in China
India vehicle sales jump 39 percent in May
Maalouf wins Spain's Prince of Asturias award
Swiss festival honors Jia with lifetime award
Japanese pundits protest dolphin film cancellation
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01