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Sacrebleu, Le Monde Journalists Strike To Protest Proposed Job Losses, But Do They Really Believe, Given Huge Losses, They Can Attract New Investment Without Giving Up Control?
Philip M. Stone April 15, 2008
There’s a conflict in basic economics going on at Le Monde. The journalists went on strike for 24 hours Monday to protest recommended job losses that would stem the flow of red ink and make the company profitable in a couple of years; they have rejected increased investment that would mean losing their financial control, but more new money with the inmates still running the asylum is just fine. Désolé mesdames et messieurs, but newspaper economics just don’t work that way anymore.
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