France Telecom SA will join the parent company of the Nouvel Observateur magazine in its bid for a stake in Le Monde, France’s struggling newspaper of record, according to the magazine’s chief executive officer.
Veolia Environnement SA wants to eliminate a fifth of jobs at its Paris headquarters, Le Nouvel Observateur reported on its website, citing Jean-Marie Lambert, the company’s head of human resources. *Job-cut plan to take off in January: newspaper *Company wants departures to be on a voluntary basis, but if by mid-year 2013 target of 100 job eliminations isn’t reached, company will resort to firings: newspaper
President Francois Hollande rebuffed questions about a gossip magazine report he’s having an affair with a French actress, saying at a press conference yesterday that he’ll provide clarity on his personal life within a month.
France Telecom SA, Nouvel Observateur, and Promotora de Informaciones SA are offering about 100 million euros ($123 million) for control of French newspaper Le Monde, according to a person familiar with the situation.