Billionaire Xavier Niel is on track to place more than 40% of Le Monde in an independent foundation, the newspaper’s chief executive said days after he bought out Czech tycoon Daniel Křetínský’s stake in France’s biggest national daily.

The issue of media independence is acute in France where major outlets including biggest private broadcaster TF1, newspaper Le Figaro and news channel BFM are owned by billionaire industrialists.

https://www.ft.com/content/3fb0513a-1dcb-4ab2-937a-6b369ad84b6d

#France #LeMonde #Media #Newspapers

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