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Russian Businessman Has Agreed to Sell France Soir for 1 Euro
14.11.2011 16:17
Russian Businessman Has Agreed to Sell France Soir for 1 Euro

Russian businessman Alexander Pugachev has agreed to sell his newspaper France Soir for one Euro, provided that a new owner pays out all the publishing house’s debts, says RIA News.

 Pugachev, who has owned the newspaper since 2009, had to claim this after a meeting of France Soir journalists, which took place at the building of Ministry of Culture in Paris on November 10. According the French, the meeting gathered about 300 people.

Alexander Pugachev has a conflict with his employees for several months. At the moment the newspaper yields a loss about one million Euro a month. This made the businessman take a decision to close the printed version of the newspaper and to post news in the Internet. The staff of France Soir is against this decision, as about 100 journalists could be dismissed.

Now France Soir, which was one of the most influential French newspapers in the mid XX c., is a bankrupt. The court let it not pay its debts for some months.

Author: Irina Fomina

Tags: Russian business Russian businessmen    

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