Spanish media group finalizes deal with French daily

First reported in March 2005 (see previous postings), an investment deal between Spain's Prisa group and the French paper Le Monde has been finalized. The Spanish group gains at least a 14% stake in the French daily.

Formerly, the Prisa held 1% of the French berliner.  It is planned to inject 24.35 million euros into Le Monde, which has had circulation problems as of late.

Sources: Reuters France (in French), El Mundo (in Spanish), Forbes