Quick Hits: France Bails Out Newspapers
French President Nicolas Sarkozy says the government will offer 18-year-olds a free copy of the daily newspaper of their choice. Great. But will the kids read it? Like their American counterparts circulation of French newspapers is crashing. But unlike the US – at least so far – Sarkozy proposes to do what France does best: Subsidize sclerotic industries. Oh wait - what about General Motors (GM) Chrysler and all those banks? The grand plan emerged after a high-level government pow-wow on the future of the French newspaper industry. The newspapers will eat the cost of the free copies and the government ...
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