The AFP reports that Le Monde, a leading French newspaper is up for sale. Reuters reports that five companies are bidding on the French newspaper.
Among the candidates are French weekly magazine le Nouvel Observateur and its director Claude Perdriel, who is a board member at le Monde. Spanish media group Prisa, publisher of Spain's daily El Pais, and the Swiss media group Ringier, publisher of daily Le Temps are also said to be interested.
Also in the running is an unlikely trio of Lazard banker Matthieu Pigasse, French Internet tycoon Xavier Niel, who founded the telecom group Free, and Pierre Berge, a wealthy industrialist and patron best known as the long-time partner of designer Yves Saint Laurent.
Le Monde has been struggling like most newspapers during the recession and the new Internet economy. The New York Timessays the newspaper has struggled to make money from its website. Le Monde's website can be found at lemonde.fr.
The AFP reports that Le Monde, a leading French newspaper is up for sale. Reuters reports that five companies are bidding on the French newspaper.
