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  • Can crowd funding save the media from France's billionaire press monopoly?

    Chloe Ferreux

    May 20, 2021 |

    Roar News |

    Text |

    1500-3000 Words

    Response Location: France

    One solution to the increasing monopolization of news media outlets by a few wealthy individuals is crowd funding. In France, Julia Cagé created Un bout du Monde to raise money to intervene in the shareholding of Le Monde Group. Each person, for a donation of €5, receives one vote in the general assembly of participating press titles. Reaching the goal of providing diverse management of the media has been slow, and results are expected once more money is raised. So far, 2,170 people have donated to raise more than €155,821, a substantial amount but a long way from the millions needed to make a difference.

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