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Media News - Friday, April 11, 2008

Le Monde staff to stop presses rolling

Staff at Le Monde, France's newspaper of record, will go on strike on Monday to protest against savage job cutting plans, threatening publication of the paper for only the second time in its 64-year history. Le Monde's management announced last week that 130 jobs would have to go, including two-thirds in the newsroom, which represents one in four journalists or about 87 staff. These cuts, which even Le Monde's new management accept are drastic, are part of plans to turn around the loss-making paper. The 24-hour strike on Monday, April 14, over job cuts could mean that Le Monde's Tuesday edition does not reach newsstands. Le Monde has been in crisis for several years. The paper had a daily circulation of about 358,000 copies in 2007, down from 398,000 in 2003. It lost EUR 15m in 2007, has not made a profit in seven years, and has accumulates losses of EUR 150m. Le Monde's difficult situation reflects that of the French press in general, with overall circulation and profits in decline. (The Guardian)

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