Posted in Current events

France gives 600 million euros to newspapers and magazines

Amid the gloom and doom surrounding the printed press in many countries, France is going ahead with a €600 million aid package to help paper-based newspapers and magazines survive the 21st century. The money will be used for:

  • distribution: supporting the kiosks where the papers are sold, home distribution, etc;
  • modernization of printing presses;
  • giving the printed press similar breaks that online publications have; and
  • giving free subscriptions to 18-year olds.

The Sarkozy government’s support for media groups has come under attack from people who accuse the president of giving financial aid to media conglomerates who own the newspapers and magazines. I think it’s a waste of money. What the French government has done is to subsidize an outdated method of delivery. Much as I love books, beautiful magazines and printed matter, I don’t think you can stand in the way of technological development and its consequences. People are mobile. They prefer to get much of their news online. Subsidizing the old-fashioned method of delivering the news makes as much sense as giving money to horse-and-buggy companies when the motor car came on the scene. If they’re giving money to the papers, why not also to bakers, plumbers, and computer programmers?

To read more, go to this article in Le Monde:

L’Etat débloque 600 millions d’euros pour soutenir la presse

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Author:

Author of "The Secret of Angat", a novel set in the Philippines during World War II. Founder, MuniWireless.com; Founder (Mapplr.com - travel) and Shopplr.com (beauty, style).

One thought on “France gives 600 million euros to newspapers and magazines

  1. I disagree to the above but only to a subtle degree. As a natural evloutionary process, conventional ways of doing things be it publishing news, selling newspapers on the kaosks or fashion magazines EVLOVE to a more appropriate state only if the trasition is smooth, natural, if there is the right magnitude of need and the customers i.e. the readers are ready. The Global financial crisis is an exogenous factor impeding the natural evolution of media from conventional means to the next generation.

    If the financial turmoil is seen as an opportunity to let the current media vehicles die, it wont be a natural death and the next generation media would lack the necessary foundations it needs. There has to be an natural evolution.

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