French free dailies confirm negotiations
Olivier Bonsart, director of French free daily 20 Minutes (Schibsted and Sipa-Ouest France) not only thinks that there are toon many free dailies in France, he is also talking with his colleagues from Metro (owned by TF1) and Direct Matin (Bolloré and local publishers) about merging operations.
Bonsart confirmed this at a press conference. There is nothing decided yet but there a official talks between the owners.
The three dailies had losses of 18 million in 2013. The situation with three dailies in one country, each with a national coverage, is unique in Europe.
In June or the beginning of July 20 Minutes will also launch a new website. (CB News)