The Limited Times

Now you can see non-English news...

The accounts of the duck chained for the first time in the red

2020-11-19T01:53:38.913Z


The satirical newspaper recorded the first loss in its history last year due to the liquidation of Presstalis.


Faithful to its promise of transparency and as it does every year at the same time,

Le Canard enchaîné

details in this Wednesday's edition its results in 2019. For the first time in its history, the newspaper closed the exercise in the red, weighed down by the claims of distributor Presstalis whose liquidation this year weighed on the accounts of many newspapers.

The satirical weekly shows a slight loss of just over 30,000 euros (0.16% of its revenues which amounted to just over 21 million euros) against a profit of 1.4 million euros. euros in 2018. Without the charges related to Presstalis, equivalent to 1.4 million euros, the newspaper would have been profitable, even if its sales fell (-15,700 per week, to 322,820 copies).

"

The biggest drop took place in the second half of the year due to the transport strike which affected the Relay network

", specifies the palmipede, who adds that the number of its subscribers has fallen slightly (-2.4% to 73,667) .

The financial situation should remain difficult in 2020, again because of Presstalis which will have cost the weekly more than 3.2 million euros in two years.

Without forgetting the health crisis: the first confinement lowered number sales by more than 20% in the first half of the year, while

Le Canard

"

made the choice to maintain all the salaries of its staff

", without resorting to partial unemployment .

"A feather in the digital world"

The title is however pleased to have gained 14% additional subscribers in the first half of 2020. It now has more than 82,800.

After having experimented - more quickly than wished but necessity prevailing - digital broadcasting during confinement,

Le Canard enchaîné

resolves to accelerate its digital transition with the upcoming launch of a new site which will be "

more complete, easier to use. access and more user-friendly

”.

Source: lefigaro

All life articles on 2020-11-19

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.