By SERGE HALIMI [Le Monde diplomatique] – It is the end of an era for one of the few French daily newspapers still controlled by its journalists and its staff. Le Monde is changing hands.
For more than 10 years, under the leadership of Jean-Marie Colombani, Edwy Plenel and Alain Minc, Le Monde tried to impose its ideological influence by building a gigantic press group. To achieve this objective, now abandoned, it set about buying up a disparate range of newspapers and took on a quite unreasonable level of debt, hence its present difficulties. The state of Le Monde’s finances is forcing it to recapitalise. The new shareholders will own the paper. The potential investors have only been asked to provide cash; they claim to have no editorial agenda, but their views, when they voice them, fall within the narrow confines of liberal, Atlanticist, European and federalist centrism.
Continued at Le Monde diplomatique | More Chronicle & Notices.
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