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France Investigation

How France's struggling press sinks 1 billion euros in subsidies

The French press industry receives a staggering one billion euros annually in State aid, amounting to a "fiasco" and a "scandal" according to a government-commissioned study. Now newspaper publishers are under pressure to restructure or die before the tap runs dry. But, as David Medioni and Vincent Truffy report here, time is fast running out on a business still unable to define its future.

David Medioni and Vincent Truffy

18 February 2011 à 19h20

The French press industry receives a staggering one billion euros annually in State aid, representing 10% of its yearly turnover. Now it's under pressure, not least from the government, to restructure or die before the tap runs dry. But, as David Medioni and Vincent Truffy report here, time is fast running out on a business still unable to define its future.

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