France Bails Out Its Newspaper Industry
France has unveiled a plan to give free newspaper subscriptions to teens when they turn 18, a move to help the ailing publishing industry in that country. The nation is also ponying up some $90 million to help subsidize the delivery of publications, a more than tenfold increase from the previous year. France is also buying more than $25 million in print advertising.
According to the Associated Press report, French President Nicolas Sarkozy is taking the measures to ensure the French press is "independent, free and pluralistic."
Critics, however, content he is just buying support for his regime in the media through these bailout measures.