There’s a thin end to this particular Gallic wedge:
“La presse hippique française est entre les mains de l’anglais Montagu Private Equity, filiale de la banque Honkong & Shanghaï Banking Company (qui a racheté en France le Crédit Commercial de France). L’acquisition en 2004 des Editions en Direct (avec Tiercé Magazine, Bilto, Turf Magazine) a été suivie en avril 2005 de celle des deux titres de la Socpresse, Week End et Paris Turf, dont le tirage baisse depuis quatre ans. Total : dix titres sur ce secteur spécialisé (+ Lotofoot), dans l’attente de la fin du monopole des paris en France et de l’avènement du PMU sur Internet.”
Yup. The French equestrian press is controlled by Britain’s Montagu Private Equity, a subsidiary of HSBC — just one example of moves where buyout groups and other stealthy investors are manipulating society. Take a look at the evidence.
3i at one point owned a 20 per cent stake in Liberation… Cinven, after having acquired Kluwer Academic, joined forces with Candover to buy Bertelsmann’s scientific and technical publication arm…having also bought the cable TV and internet divisions of Numericable…In Germany, Berliner Verlag (publisher of Berliner Zeitung, Berliner Kurier) was sold in 2005 to Britain’s Mecom, much to the dismay of the journalists and other employees of the group…Houghton & Mifflin, the US publisher, is now owned by Bain Capital and Thomas H. Lee Partners…Since 2004 hedge funds control 4 of the world’s 5 leading satellite communication groups….
Confused? You shouldn’t be when we hoist a pixelated white flag over Alphaville.
Because the media is controlled by private equity groups and hedge funds who use the resultant power to keep their activities secret. The whole stinking conspiracy is exposed here, by one Daniel Sauvaget, in an article entitled “Les fonds d’investissement a l’assaut des medias.”
The truth has been dredged up by a new finance-related blog called Hedge Funds Watch, which seems to use a Google-type automated translator to provide a bi-lingual edge to its coverage. We learn that:. “Hedge funds are of growing importance in our economy, Hedge Funds Watch is a projector pointed onto these new discrete actors out of control.”
