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The Guardian - UK

Roy Greenslade

Le Monde to launch free daily newspaper

Le Monde, the French newspaper group, plans to launch a free daily paper and create France's third-largest grouping of regional daily papers in a drive to stem losses and achieve economies of scale by bolstering annual group revenues to €1bn (£700m). Jean-Marie Colombani, chairman of Le Monde, said the free daily was likely to be launched in partnership with the media entrepreneur Vincent Bolloré, and was negotiating with Hachette Filippaci Medias about the nationwide network of regional dailies. (Via www.ft.com)

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