Newspaper bailout in France

by mtippett | January 26, 2009 at 08:51 am
184 views | 4 Recommendations | 2 comments
French president Nicolas Sarkozy has pledged nearly $780 million in emergency aid for his country’s troubled newspaper industry.  In addition to his pledge of €600m ($779 million), Sarkozy has promised that every 18-year-old in the country will get a free subscription to the newspaper of his choice for a year.

I was wondering how long it would take for media companies to get into the bail out line up.  We now have our answer.  But what now?  Will other countries be pressured into bail out their failing news organizations?  Canada's largest media company CanWest is teetering on the brink and even the venerable New York Times is hustling to find nearly a half billion in capital to service it's debts.  Where does this end?  And why should newspapers get the bail out?  What about startups that are actually growing, attracting audiences and innovating?  We should think carefully before we commit tax payer money to our media.

Photos

stacked

stacked

see larger image

uploaded by miss lyn

recommend This comment thread is now closed
0
mtippett

Dave Keating covered the story here too.

0
lefty_liberated

only nation you could trust to give money to its media viva la france 

This story was created over 3 months ago, the comment thread is now closed.

What is NowPublic?

NowPublic lets people work together to cover news events around the world.

Find out more

Crowd Power

mtammas
First Flagged at 7:09 PM, Jan 26, 2009 by mtammas
These members have powered this story:

Related Stories

Recommendations (4)

Most recently recommended by:
 

closeSign in to NowPublic

is reporting from