Spanish media group finalizes deal with French daily
Posted by John Burke on October 28, 2005 at 4:16 PM
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
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