Struggling French daily Le Monde seeks new owner

Author: 
Associated Press
Publication Date: 
Fri, 2010-06-04 00:02

The respected daily says it needs help to pay off debts and survive punishing times in the media industry.
Publisher Eric Fottorino says in a front-page note to readers Thursday that a decision on a new majority owner will be made June 14.
Fottorino called it "a historic turning point for Le Monde." Among those interested are Spain's Prisa, owner of El Pais; Switzerland's Ringier, publisher of Le Temps; France's Nouvel Observateur group, which owns several magazines, and one other unnamed foreign company, Le Monde said.

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