Comments on: Le Monde on The Brink

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By: Marcus Adams

Marcus Adams — Mon, 25 Jul 2011 21:37:31 +0000

Newspapers around the world seem to all be facing the same types of problems with decreased readership. I agree with you that le monde remains a great company, but they need to make some changes to their current model.

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By: Deadbeat Millionaire

Deadbeat Millionaire — Fri, 13 May 2011 14:31:59 +0000

Very resourceful post… i can’t believe it is that expensive to fire a printing plant employee!

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By: After 66 yrs in business, Le Monde has 2 weeks of cash left | Tippett.org

After 66 yrs in business, Le Monde has 2 weeks of cash left | Tippett.org — Wed, 14 Jul 2010 19:21:42 +0000

[...] via Le Monde on The Brink | Monday Note. [...]

By: fajar

fajar — Mon, 12 Jul 2010 01:43:55 +0000

great article..

By: The BP Spill as a Black Swan Event | MorallyRight.org

The BP Spill as a Black Swan Event | MorallyRight.org — Wed, 07 Jul 2010 21:39:18 +0000

[...] Le Monde on The Brink | Monday Note [...]

By: Le Monde’s Fate: Over After 66 Years? | We Blog The World

Le Monde’s Fate: Over After 66 Years? | We Blog The World — Fri, 02 Jul 2010 01:37:59 +0000

[...] a Comment Like virtually every other newspaper in the world, Le Monde is losing cash. As respected by Europeans as the New York Times is to Americans, it appears that the 66-year old [...]

By: Jonathan Fune

Jonathan Fune — Tue, 29 Jun 2010 09:51:06 +0000

Francois Reeves is right: Le Monde is suffering from the same problems as all other print dailies: falling circulation, falling advertising revenues, rising unit costs. The Times is attempting to rectify this by charging for internet access to its excellent but costly journalism. We’ll have to wait and see whether that’s going to work (personally I doubt it). But French newspapers have two added problems: (1) the 35-hour-week, 5-weeks-paid-holiday-a-year, job-for-life “social model” which the French are so proud of but which is bankrupting businesses like Le Monde, (2) constant strikes by French printers and distributors causing the loss of entire editions; many times my local newsagent tells me “sorry, Le Monde did not arrive today”. No business can hope to survive a double-whammy like that. Until France drops the 35 hour week, curtails paid holiday entitlement, and makes hiring-and-firing simpler and cheaper, no amount of recapitalisation will save Le Monde in the long run. Very sad. It was once – under its founder Beuve-Mery – the finest newspaper in the world (even if it took all day to read!)

By: Le Monde: Judgment of Paris | Editorial | Breaking News

Le Monde: Judgment of Paris | Editorial | Breaking News — Tue, 29 Jun 2010 01:12:15 +0000

[...] respectively, and the newspaper where all of its editorial firepower lies at only €10m. Some commentators believe that, despite redesigns, the inclusion of pictures and the reluctant shedding of some of [...]

By: Good reads from the last week « rasmuskleisnielsen.net

Good reads from the last week « rasmuskleisnielsen.net — Mon, 28 Jun 2010 12:24:10 +0000

[...] overview here for those of us who haven’t followed it closely, dealing both with the business situation [...]

By: Le Monde’s escape velocity | Monday Note

Le Monde’s escape velocity | Monday Note — Sun, 27 Jun 2010 14:17:05 +0000

[...] prestigious French newspaper — one that is facing a severe cash crisis (see last wee Note Le Monde on the Brink). The journalist’s choice was supported by most constituencies in a position to influence the [...]

By: Viva Vicarious « The New Print

Viva Vicarious « The New Print — Fri, 25 Jun 2010 11:16:05 +0000

[...] portion of the earnings, and that middleman can be cut out in the age of file-sharing. A nicely cherry-picked example: In France, firing a printing plant employee is hugely expensive. The gent is paid €50,000 per [...]

By: June 24 roundup

June 24 roundup — Thu, 24 Jun 2010 11:00:04 +0000

[...] is Le Monde in financial trouble? For one thing, firing a printing plant employee costs €466,000 [Frédéric Filloux, Monday Note via [...]

By: Le Monde on The Brink | Monday Note - Viewsflow

Le Monde on The Brink | Monday Note - Viewsflow — Wed, 23 Jun 2010 19:24:35 +0000

[...] candidates to the takeover of the most prestigious French daily will have disclosed their offers.Close FB.init({appId: '130434348997', status: true, cookie: true, xfbml: [...]

By: Silversious Holley

Silversious Holley — Wed, 23 Jun 2010 09:38:36 +0000

Perhaps these newspapers should contract out their printing operations. Does writing the news and physically printing the news have to be done under the same company?

By: Ataraxo

Ataraxo — Wed, 23 Jun 2010 08:25:49 +0000

Great article. I am browsing lemonde.fr on a daily basis and had no idea that this was going on.

By: ikilobo

ikilobo — Wed, 23 Jun 2010 04:35:14 +0000

nice post..

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By: Francois Reeves

Francois Reeves — Wed, 23 Jun 2010 03:50:19 +0000

Nicely written article, deep understanding of the situation. Le Monde is a great French newspaper—with a powerful brand. It is suffering from the same predicament as all printed dailies around the world—the Internet. Information is free often coming from users themselves. If it is to be saved, it’s in dire need of a new media strategy.

Aside from the balance sheet which you clean out partly with your suggestions, this organization has to get into 360 production. Leverage the brand, i.e. the Intellectual Property and spread content across the web, mobile, new devices, television, radio, podcast, vidcast, books and magazines, in multilanguages.

Easier said than done, it might take a few years but this is the 30,000 feet strategy. Monolothic newspapers are dead. If the unionized staff does not come to terms with its future then new business units have to be created to take advantage of notoriety and package information with a transmedia deployment.

Of course, the marketing department has to develop advertising bundles and offers reaching transmedia audiences. While you touched on the accounting of the organization and briefly discussed each bidder’s interest, I thought it would be nice to throw in a bright light at the end of the tunnel. It would be sad to lose such an organization for its inability to adapt and change. Welcome to the Nouveau Monde.

By: Forex est aussi sûr et lucratif, car ils leur son? | forex broker

Forex est aussi sûr et lucratif, car ils leur son? | forex broker — Wed, 23 Jun 2010 01:30:23 +0000

[...] Le Monde on The Brink | Monday Note [...]

By: Twitter Updates for 2010-06-22 — shiner.clay

Twitter Updates for 2010-06-22 — shiner.clay — Wed, 23 Jun 2010 00:06:52 +0000

[...] we about to see the death of Le Monde? – http://www.mondaynote.com/2010/06/20/le-monde-on-the-brink/ [...]

By: Frédéric Filloux

Frédéric Filloux — Tue, 22 Jun 2010 20:23:11 +0000

@Wow. I understand your amazement about the cost of firing a unionized printing plant worker. These guys are all pretty old; over the years, they got tons of social concessions by medias barons who were terrorized by their ability to block the distribution of newspapers. Altogether, the French govt is ready to spend €140m to fire 300 workers. If you read French, I wrote a piece in Slate.fr on the upgraded Gallic subsidies system ( http://bit.ly/jubtf ).

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Frédéric Filloux — Tue, 22 Jun 2010 20:10:16 +0000

@Stephen Howard-Sarin. For the charts, I’m drawing them in Apple’s Keynote, that’s allow me to get the graphic look I want…