In recent months, a shareholder battle has roiled Le Monde, which is effectively France’s paper of record. In October 2018, staff and readers, representatives of whom own 25 percent of its parent company, lashed out after one of Le Monde’s shareholders furtively sold a chunk of his stake to a controversial tycoon from the Czech Republic. The paper’s editorial independence, staff said, was under threat. Recently, with tensions running high, hundreds of Le Monde journalists took an extraordinary step, demanding—in a column published by the paper—that their owners accede to their demands, or else face the consequences. Le Monde’s journalists have always had a big say in how they are managed. They held a controlling stake in the paper from its founding—in 1944, at the urging of the freedom fighter and future French president Charles de Gaulle—until 2010 when, facing dire financial straits, they ceded control. A trio of businessmen bought in: Xavier Niel, the founder of French telecoms company Free; Matthieu Pigasse, an investment banker; and Pierre Bergé, the former business partner of Yves Saint Laurent. The new shareholders sat in a delicate equilibrium, with none of them holding a majority of the parent company. To guarantee Le Monde’s editorial independence, a group representing journalists, staff, and readers retained a quarter-ownership stake, and a say in decisions going forward. When Bergé died, in 2017, Niel and Pigasse agreed to split his shares. The same year, the... Continue reading at 'Columbia Journalism Review'
[ Columbia Journalism Review | 2019-10-08 12:07:56 UTC ]
Just how much of a problem is ad fraud? If you're a regular reader of Ad Age, you know it's a big problem -- though just how big depends on lots of variables, including the specific digital agencies, ad-tech vendors and publishers a given marketer choses to work with. And if you read our recent... Continue reading at Advertising Age
[ Advertising Age | 2015-09-25 00:00:00 UTC ]
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The Swiss book industry is reeling under a double whammy of declining sales and the weak euro. The decision by the Swiss National Bank to abandon the euro cap on the Swiss franc in mid-January has led to a double-digit revaluation of the currency. The trade association Schweizer Buchhändler-und... Continue reading at The Bookseller
[ The Bookseller | 2015-02-26 00:00:00 UTC ]
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Publishing giant to pay more than 7,000 interns between $700 and $1,900 after lawsuit said some had been paid less than a dollar an hourTell us: how did you get by when working an unpaid internship? Continue reading... Continue reading at The Guardian
[ The Guardian | 2014-11-15 00:00:00 UTC ]
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Ahead of Time Inc.'s impending spin-off later this quarter, Time Warner announced the makeup of the 10-member board that will oversee the publishing giant once it officially goes public on its own. Time Inc. Continue reading at Folio Magazine
[ Folio Magazine | 2014-04-25 00:00:00 UTC ]
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The publishing giant behind the Daily Mail is entering the travel arena with a bookings site. MailTravel.co.uk is described as offering a “robust new sales distribution channel to existing and new suppliers”. A& ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-07-19 00:00:00 UTC ]
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Time Inc, the parent of IPC Media and the US publishing giant behind titles including People and Time, has appointed Digitas global chief executive Laura Lang as its new chief executive. Continue reading at Media Week
[ Media Week | 2011-12-01 00:00:00 UTC ]
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Publication Date: Wed, 06/07/2011 - 15:47 Hachette Livre has acquired a stake in Moscow-based trade publishing group Azbooka-Atticus. The publishing giant now owns a 25% interest (plus one share) in the publisher, which is owned 94.6% by Alexander Mamuts A&NN Group, which recently acquired... Continue reading at The Bookseller
[ The Bookseller | 2011-07-06 00:00:00 UTC ]
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