The staff of French business newspaper Les Echos has halted production of the newspaper after its parent company, which also owns The Financial Times, agreed to sell it to LVMH.
“Journalists are opposed to their title being taken over by LVMH, the French luxury group, over concerns over its editorial independence. Pearson announced last night it had sold the daily in a deal worth €240m (£167m).
“‘We are extremely angry and are still utterly opposed to being bought by Bernard Arnault [LVMH’s chief executive and chairman],’ said Leila de Comarmont, a spokeswoman for Les Echos journalists.
“‘His pseudo-guarantees of editorial independence are just a smokescreen … Arnault wants a forced marriage with us. He has bought the paper for a lot of money but he won’t buy us.'”
Read more here.
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…