Le Monde: this time it’s serious

Without comment, the briefing from this week’s Monday Note by the ever-trenchant Frederic Filloux on the approaching hour of truth at Le Monde. If not rescued, the paper will run out of cash in two weeks. As Frederic says, its situation is emblematic of the entire French press.

Two major European publishing groups drop out of the bidding when they see the numbers…Sarkozy interferes…government subsidies disguised the extent of the crisis. A horror story from any angle.

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