Rossel considers bid for La Tribune
By Leah McBride Mensching, Tuesday 28 August 2007 at 21:29 :: Media Ownership :: #485 :: rss
Belgian publisher Rossel is considering making an offer on French business daily La Tribune if its owner, Louis Vuitton Moet Hennessey, decides to sell it, according to a report in Les Echos.
Speculators expect LVMH to sell La Tribune when it finishes its proposed acquisition of rival newspaper Les Echos from British media group Pearson Plc.
According to the report, Rossel, which owns Belgian newspaper Le Soir and the French title La Voix du Nord, has had access to La Tribune's financial data, but has not made a formal decision to place a bid.
Les Echos journalists are opposed to the proposed takeover by Bernard Arnault, chairman and chief executive of LVMH, the world's largest luxury goods maker.
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