It is one of France’s most iconic media brands, but the left-wing newspaper Libération has been plunged into crisis in recent weeks, culminating on Thursday in the resignation of its editor-in-chief.
In an interview with rival daily Le Monde, Nicolas Demorand said he was stepping down following a revolt by the newspaper’s journalists, acknowledging he had become a “polarising” figure in a battle between the newspaper’s editorial staff and its shareholders.
Libération is struggling for survival after losing more than a million euros ($1.3 million) in 2013 as sales plummeted by 15 percent.
Its two main owners, businessman Edouard de Rothschild and real estate developer Bruno Ledoux, have warned they will no longer finance the paper unless a "viable project" is accepted to turn it around. Read more in News 24
Comments to taglines82@gmail.com
