French press distribution company may get government subsidy
Posted by Leah McBride Mensching on January 19, 2010 at 11:53 AM
The French government is considering subsidies for France's number one press distribution company Presstalis, Le Figaro reported.
French Prime Minister François Fillon has assigned the delicate task to Inspector-General of Finances Bruno Mettling. He will consider the conditions under which exceptional state support could be granted. The distribution company is in serious financial difficulty. This is partly due to the overheads for distribution of the national daily press, which has been structurally in deficit for several years, and partly because of the decline in newspaper sales. The group lost around €15 million in 2009.
For more on this story, visit our sister site, editorsweblog.org.
French Prime Minister François Fillon has assigned the delicate task to Inspector-General of Finances Bruno Mettling. He will consider the conditions under which exceptional state support could be granted. The distribution company is in serious financial difficulty. This is partly due to the overheads for distribution of the national daily press, which has been structurally in deficit for several years, and partly because of the decline in newspaper sales. The group lost around €15 million in 2009.
For more on this story, visit our sister site, editorsweblog.org.
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