Xavier Niel’s Acquisition of French Media Group: Impact on French Media Landscape

2023-09-24 06:16:41

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The Frenchman, also a shareholder of “Nice-Matin”, “France-Antilles” or “Paris-Turf”, thus strengthens his place in the French media landscape, marked by high concentration.

Published on 09/24/2023 08:16

Reading time: 1 min French billionaire Xavier Niel, in the Senate, February 18, 2022. (THOMAS COEX / AFP)

His arrival at the capital of the French daily had caused a stir, his departure is now welcomed. Czech businessman Daniel Kretinsky sold his shares in the group The world to billionaire Xavier Niel, with the consent of employees, to concentrate on other media.

At the end of this operation, almost 50 million euros, according to the Financial Timesthe group The world (the newspaper Le Monde, Télérama, Courrier International…) will essentially be held by the telecoms billionaire, via the Press Independence Fund which he created in 2021 and which makes his capital statutorily non-transferable, and by the “independence pole” , which notably brings together the society of editors and the society of readers of Le Monde.

Daniel Krestinsky remains a shareholder in French media

Xavier Niel, also a shareholder of Nice-Matin, France-Antilles or of Paris-Turf thus strengthens its place in a French media landscape marked in recent years by numerous merger operations.

For his part, Daniel Kretinsky has no intention of withdrawing from the French media game, where he has increased his investments. Its holding company specified that it “will continue to support French securities and guarantee their independence as shareholders” for example at Elle, Marianne or the magazine Franc-Stireur, “or as a lender” for everyday Releasewhich he bailed out to the tune of 15 million euros.

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