Liberation newspaper boss quits over restructuring row

Liberation front page "We're a newspaper... not a social network": Staff hit back at the reform plan

Related Stories

The editor-in-chief of left-leaning French newspaper Liberation has resigned after a bitter row with staff over his plans to transform the paper into a social network.

Nicolas Demorand's restructuring plan was denounced by the paper's journalists in a front-page story at the weekend.

He had already suffered four votes of no confidence from its editorial board.

Mr Demorand had led the paper since March 2011.

In an interview with another newspaper, Le Monde, he said he hoped his departure would help "revive the dialogue needed to take the newspaper out of the crisis".

Nicolas Demorand Nicolas Demorand's plan was met with scorn by Liberation journalists

The dispute has caused turmoil at the paper, which was co-founded in 1973 by French philosopher Jean-Paul Sartre.

Under the restructuring plan, the paper would have been turned into a social network, providing content for multimedia platforms.

The paper's headquarters would have become a cultural centre, with a bar, a restaurant, a TV studio and a start-up hub.

Key shareholders defended the plan as the only viable future for the ailing 40-year-old paper, which saw its sales slide 15% last year.

But journalists accused the management of wanting to turn Liberation into a brand and said the plan involved doing everything but journalism.

After staging a one-day strike, the journalists decided to return to work and use the pages of Saturday's edition to attack the plan.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Business Live

  1.  
    07:53: Best investments Radio 5 live
    Lego

    Wake Up To Money was asking listeners earlier about the best investment they have made. For one listener it was a Lego Millennium Falcon set. Have you made a particularly canny investment? Give us your thoughts at bizlivepage@bbc.co.uk or @bbcbusiness.

     
  2.  
    07:42: Aviva profits

    Mr Wilson's comments came as the insurance giant Aviva reported a 6% rise in pre-tax operating profit of £2.17bn, compared with just over £2bn a year earlier. The insurer has has been going to through a strategic overhaul including the sale of its North American business last year. It also raised in annual dividend by 30%.

     
  3.  
    07:31: Aviva profits
    Aviva stadium

    Aviva chief executive Mark Wilson says its annual results show the insurer is making "tangible progress". Aviva - sponsor of Dublin's rugby stadium - started "2015 in a position of strength", but he adds it would be "wrong to assume that our turnaround is nearing completion, as we have further to travel than the distance we have come".

     
  4.  
    07:20: London Stock Exchange Group
    LSE Group

    Another good year for London Stock Exchange Group, with revenue up 32% to £1.28bn and adjusted pre-tax profits up 17% to £445.9m. However, on the pure pre-tax level profits slipped 5% to £284.3m. The company is worth £8.3bn and its shares have risen 18% in the past year.

     
  5.  
    SFO Bank investigationVia Twitter Kamal Ahmed BBC Business editor

    "Unprecedented" much over-used by us hacks, but this actually is @BBCNews SFO launches Bank of England criminal probe

     
  6.  
    07:10: ECB bond buying BBC Radio 4
    The EURO logo

    The European Central Bank reveals more details of its bond-buying programme later today - but don't expect any surprises, Andrew Wilson, chief executive of Goldman Sachs Asset Management, tells Today. He says we've already seen "marked weakening" of the euro, so it will be interesting to see what impact ECB action will have.

     
  7.  
    06:55: Drones
    drone

    The House of Lords has called for a tracking system for all drones and their users. A report by the EU Committee of the House of Lords described drones - or Remotely Piloted Aircraft Systems, to give them their official title - as an "exciting new technology", but warned that their use poses risks to the general public and other airspace users.

     
  8.  
    06:44: China growth BBC Radio 4

    China's 7% economic growth target for 2015 is about "sending a message" particularly to local governments, which look to Beijing for guidance in setting their own targets. But at the the same time the government is very concerned about the level of debt in the banking sector - something it is trying to address, Duncan Innes-Ker, China analyst with the Economist intelligence Unit, tells Today.

     
  9.  
    06:30: AbbVie

    Big news from the pharma world overnight as US company AbbVie announced a deal to buy leukemia drugmaker Pharmacyclics for $21bn (£13.8bn). It appears to have won the prize from under the nose of Johnson & Johnson, which some reports say was close to a deal.

     
  10.  
    06:20: Brazil economy Radio 5 live
    Copacabana beach

    The Brazilian currency - the real - has hit a 10-year low after the central bank raised interest rates by half a point to a stonking 12.75% overnight. The BBC's Daniel Gallas in Sao Paulo tells Wake Up to Money that the country could tip into recession this year as the government embarks on an austerity drive, raising taxes and cutting spending.

     
  11.  
    06:11: Interest rates Radio 5 live

    It's been six whole years since the Bank of England cut the base rate to 0.5%. That's been good for borrowers, but not so great for savers - of which there are many more after all. Vivan Slattery, an independent financial adviser, tells Wake Up To Money many of her clients have stayed in cash but are now looking at alternatives given that rates do not seem set to increase sharply anytime soon - particularly as many mortgage holders are now on the standard variable rate.

     
  12.  
    06:05: China growth Radio 5 live

    China has announced that its target growth rate for 2015 is 7% - down from 7.5% for last year. The BBC's Ali Moore in Singapore says the new target is not a reflection of panic in Beijing but part of its drive to lower expectations and rebase the economy to focus more on domestic demand. "It's more about quality than quantity," she adds.

     
  13.  
    Welcome to Thursday Chris Johnston Business reporter

    Good morning from me and Matthew West. Another busy day of business news coming up - we'll be here to guide you through it all. Get in touch with your comments at bizlivepage@bbc.co.uk or on Twitter at @bbcbusiness.

     

Features

From BBC Capital

Programmes

  • Kinetic sculpture violinClick Watch

    The "kinetic sculpture" that can replicate digital files and play them on a violin

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.