Czech billionaire buys piece of the world
His participation in Le Monde, an afternoon newspaper with more than 300,000 subscribers, allows him to play a greater role in supporting âtransatlantic democracyâ, he said, and to lobby for greater regulation of Facebook, Google and other internet giants, which he argued undermine press freedom.
“Being around the world makes it much easier to start this debate as a true member of the French publisher family,” said Mr. Kretinsky. âThe Czech Republic is just too small.
Le Monde editor-in-chief JÃ©rÃ´me Fenoglio said the two other main shareholders, Mr. Pigasse and Internet entrepreneur Xavier Niel, have kept the right distance with the newspaper’s journalists since the takeover of Le Monde Group. nine years ago.
Business and Economy
âThe newsroom is completely independent,â Fenoglio said.
Le Monde’s journalists and editors held a controlling stake in the newspaper from its founding in 1944 until its sale with their approval in 2010, and they still have a say in how it is run. What has troubled some in the newsroom about Mr Kretinsky’s entry into the ownership group, the editor added, is the lack of transparency surrounding him.
âThe problem is we heard it through the vineyard, really the worst way to gain our trust,â Fenoglio said. âThe condition that would allow us to have confidence in Mr. Kretinsky is simply to accept our right of approval, and our right to approve or block his ownership in the company. Whoever the new shareholder is, if he likes Le Monde and wants to help it grow, he must respect his independence.
Alain Beuve-MÃ©ry, the editor-in-chief of the economic opinion pages of Le Monde, and the grandson of the newspaper’s founder, Hubert Beuve-MÃ©ry, noted that Mr. Kretinsky had not yet met the journalists and editors. of the world. âIf the value of a newspaper is its journalists, then when you buy a newspaper the first thing you do is try to woo journalists,â Beuve-MÃ©ry said.