French media mogul: papers have 10 years left

The French media mogul, Arnaud Lagadère, has lost confidence in the printed word. He says: "The press has 10 years left. Production costs will become unsustainable." Lagadère, chairman of Hachette Filipacchi Medias, belives many French titles - both national and regional - are on the brink of a crisis. As for new media, he says it would be "a mistake" to make "a systematic and mechanic transfer of our press to the internet", arguing for "evolution." (Via Editors Weblog)