A new investigative magazine by Frontières exposes the involvement of several billionaires in financing left-leaning media outlets in France. The report highlights figures such as Daniel Křetínský, Matthieu Pigasse, Rodolphe Saadé, Xavier Niel, and George Soros as key financiers backing progressive and left-wing press. Daniel Křetínský, a Czech billionaire with a coal industry background, reportedly injected €15 million to rescue the left-leaning newspaper Libération, which maintains a critical stance against ultra-rich elites. Matthieu Pigasse owns media outlets including Radio Nova and Les Inrockuptibles, aiming to consolidate his media influence. Rodolphe Saadé, a Franco-Lebanese billionaire, has rapidly expanded his media holdings over the past three years, acquiring outlets such as Brut, BFM TV, La Tribune du Dimanche, La Provence, and Corse Matin, with ambitions to rival Vincent Bolloré’s media empire. Saadé’s CMA Média group has invested approximately €2 billion in this expansion. Xavier Niel finances prominent left-leaning publications including Le Monde, L’Obs, HuffPost, and Le Crayon, and has a history of supporting Emmanuel Macron through favorable coverage. George Soros is noted for funding independent media like StreetPress and various NGOs. The magazine also critiques media conglomerates like BFM TV for alleged editorial biases. This investigation aims to shed light on the financial influences shaping France’s progressive press landscape, contrasting with the commonly publicized billionaire backers of right-wing media such as Vincent Bolloré and Pierre-Édouard Stérin.
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