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The battle for Le Monde

The battle for ownership of France's state-subsidised paper of record has dealt a blow to Sarkozy. Could this be a turning point for French politics?

By Tim King   August 2010

Le Monde is France’s “journal de reference,” where you go not for news but for an opinion on the news: profound reflections in weighty prose. But, like the printed press everywhere, it’s losing readers fast, from 406,000 nine years ago to 288,000 last year. Earlier this year offers were invited to bail it out, and a battle for the privilege of pouring yet more millions into the ailing newspaper, which is 26 per cent state-owned, has ensued.

Now, with the backing of Le Monde‘s staff, new investors are lined up. They include the former partner of couturier Yves Saint Laurent;…

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