International News

Like the Asian stock market, expected to open the Cac 40 up 1.5% above 3100 points, according to the indices "future" and on Monday in the wake of U.S. indexes rebound on Friday. The main European indices, with the exception of the London Stock Exchange will remain closed on Monday and is expected up 1.1% and 2% on opening. Bank stocks, however, should react to the statements of the owner of the International Monetary Fund.

Friday, after a negative early trading, Wall Street has ended the session on gains of 1.2% for the Dow and the Nasdaq 2.5%, investors focusing on positive ads during the next meeting of the Federal Reserve in September suggested Ben Bernanke at a conference of Jackson Hole.The anticipation of a further intervention by the Fed puts the dollar under pressure against a basket of currencies: the dollar is trading at 1.4537 dollar per euro.

And always in the context of the general economic meeting in Jackson Hole Christine Lagarde urged this weekend to recapitalize banks. She said that the European institutions "need of urgent recapitalization." Former Minister of Finance believes that these measures are the "key to cut the chain of contagion," New blow to the banking sector, weakened already widely during the summer.

Irene reduced cost

Other news of the weekend: the passage of Hurricane Irene passed through New York without drama. He also was demoted to a tropical depression. U.S. markets should open smoothly and Monday.Hurricane Irene would have between 500 million and one billion dollars in damage in the Caribbean and the United States, according to catastrophe modeling firm EQECAT. A figure below the most pessimistic forecasts considered before the hurricane.

Referring to the financial crisis, Laurence Parisot said that "if Europe were attacked, not because it is weak but because it is strong, and if it is envy, because it is enviable, "In an interview with Le Figaro, the boss of bosses denounced a U.S. plot against the euro area.

The price of Brent was down, refineries and oil terminals on the East Coast of the United States seem not to have suffered major damage, easing fears of a supply disruption.In addition, Libya resumes oil exports within a month, according to the spokesman of the Arabian Gulf Oil Company (Agoco), controlled by the rebels. Crude oil production will resume in mid-September on two deposits in the country.

Still on macroeconomic markets will learn on Monday of income and household consumption in the United States in July and promises of home sales.

Banking supervision

As for values, the eyes of investors should focus on bank stocks.

In addition, Ingenico said it had repurchased TNET, an Italian company specializing in payment terminals, for an amount that was not disclosed. According to Ingenico, TNET manages an installed base of 45,000 terminals in Italy.

APRR observe the re-opening until September 9 of the OPR launched by Eiffage and Macquarie.The toll road was also noted Friday that the evolution of traffic early in the second half was mixed for light vehicles, but remained well oriented for heavy vehicles.

In addition, ING has lowered its board to maintain, against buy Arkema on the title and reduced its price target on the value to 55 euros (as against 85 euros).

Canal + could push his plans for the IPO. While the ACC has lost nearly 20% of its value during the summer, analysts are skeptical of an imminent public offerings of media group, reports Les Echos. The listing of the 20% held by Lagardère has already been de-programmed, it could eventually sell its stake in Vivendi, the majority shareholder.

For its part Orange would be in conflict with the American Cogent.The U.S. operator has, according to La Tribune, filed a complaint against his French counterpart to the competition authority for "abuse of dominant position." Orange is accused of preventing users from accessing the site MegaUpload. the conflict began in January when Orange had decided to grant the account drop traffic from Cogent.

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Teens and their parents flock there. The phenomenon Abercrombie & Fitch has landed in France on May 19, down the Champs-Elysees, with its formidable marketing clout. Home glamorous youths by the Paris flagship store of American education is the temple of polo shirts, tee-shirts and jeans, amid loud music, light and fragrance ultratamisée excessive."We are very happy with our opening in Paris," said mercredila leadership of the group, still very concerned about its image … Irritated by the bad publicity that makes him free Michael Sorrentino, a member of the cast of reality show "Jersey Shore" on MTV, she just offered to pay the person to change his wardrobe!

Despite the quarterly results better than expected, the action Abercrombie & Fitch has lost 6.5% Wednesday to the New York Stock Exchange, investors who held that the prospects bleak in the face of declining consumption and increase in the prices of raw materials in textiles. Sales in late July, the group, which operates 1073 stores, rose 23% to 916.8 million dollars.In stores constant, the increase was still 9%: 5% for the brand Abercrombie & Fitch, Abercrombie Kids 7% and 12% for Hollister Co, which plans to open four stores in France by the end of year no fax payday loans. Net income totaled $ 32 million, against 19.5 million a year earlier. "The cost pressures will be stronger during the second half of the year and macroeconomic uncertainty is greater," warned Mike Jeffries, president of Abercrombie & Fitch.

From 60 to 65 closures in the U.S.

United States, consumer confidence fell in August to its lowest level for over thirty years. Further price increases may slow their spending even more, while the new school year is crucial for the ready-to-wear.In this difficult context, Abercrombie & Fitch warned that it would close from 60 to 65 stores in the United States, most corresponding to maturities of leases at year end. But the chain has confirmed its willingness to open five flagships during the fiscal year 2011 (including Paris). Madrid, Dusseldorf, Brussels and Singapore are scheduled for the fourth quarter. Hamburg is announced for spring 2012, and Hong Kong in the summer. Hollister provides more than 40 openings abroad, in shopping malls.

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For several weeks, the office buildings are covered with small colorful characters. Launched in January at the initiative of an employee of Ubisoft, "the battle of the post-it" invades the open spaces for the summer holidays. The principle is simple: employees are a challenge to those of a company in vis-à-vis, drawing on their windows one or more video game characters with post-it. If they fight back with another figure, the war is declared.

Ubisoft and BNP Paribas initiated this spontaneous phenomenon in "confronting" of both sides of the Rue de Valmy, in Montreuil.Word of mouth and the summer did the rest, spreading the game beyond the town of Seine-Saint Denis, first in defense and in Issy-les-Moulineaux, Paris Intramuros, a province … increasing number of employees swelled from the ranks because of this battle informally, in large companies storefront as in smaller SMEs.

"Good child"

But despite the time spent on this activity unprofitable, the phenomenon raises the overall membership of business leaders. "My boss is OK to be launched into the post-it war," said an employee of Twitter. "It's friendly, pleasant, and it strengthens the team spirit," one responds well to Société Générale, challengée recent weeks by employees of Merck and GDF Suez of Defense.

In the middle of summer, human resources are rather favorably employees gather around a fun activity, like a sports tournament. "Our managers like to see that they pose challenges challengent and other businesses payday loans no teletrack. Especially since all this takes place in a friendly atmosphere. Our employees have recently met the other side at a picnic, "says one at Merck, where a dozen people involved in the movement of 350, mostly among biomedical research teams.

"Phenomenon minority"

An observation shared by a fortiori Ubisoft. The video game maker has indeed little to lose in seeing a phenomenon that is spreading the culture of gaming to the front of the stage. "Internally, I see most of the teams that are boosted, a theme which is our corporate culture.We have not even thought of regulation, "said Caline Christophorov, management of human resources. One hundred employees of Ubisoft are currently involved in open warfare against the computer at BNP Paribas. Ironically, the conflict extends from the last week in the other building Ubisoft Montreuil, opposite … from BNP Paribas.

This vector cohesion is all the more welcome by the human resources are concerned ultimately little to the productivity of their employees. In addition to these "post-it war" are growing at a time when the activity is less intense, companies stress that participants are often few, and responsible. "We trust our employees to not intrude too much on work," said Caline Christophorov. "This remains a minority phenomenon among us," does one judge also Renault, known somewhat lax.And the builder continued: "People still have the right to breathe for a second, right?"

The White House on Saturday called for the unity of the Democratic and Republican parties to restore the economic and budgetary situation of the United States, after the degradation for the first time in their history of "AAA" rating. "We must do better to show our willingness, our ability and commitment to work together to address the economic and budgetary challenges," said the spokesman for the White House, Jay Carney, in a statement.

Shortly before, the only official reaction came from the Treasury and was terse: "an appreciation vitiated by an error of 2000 billion dollars speaks for itself." This release has illustrated the high tensions between the administration occurred Friday Obama and the rating agency Standard and Poor's, crystallized around a miscalculation of 2000 billion.

As tradition dictates, S & P has informed earlier this afternoon the Treasury's decision before making it public. This is usually an opportunity for the government to point out any factual errors. At this meeting, U.S. officials soon discover that the projections of S & P over ten years the budget deficit and public debt do not coincide with the figures of the executive, from the work of the Office of Congressional Budget (CBO).The U.S. public debt stood at 93% of GDP in 2021 instead of the expected 85%, a difference of two trillion dollars.

Standard and Poor's emphasizes the "political risks"

Faced with protests from the government, the rating agency starts with defense. She claims to be part of the work of the CBO, a retaining projection "alternative" of government spending, considered more realistic. After discussions, however, she agrees to return to the initial forecasts. The Treasury advised her to give himself time to review the numbers cold.

Far from judging, Standard and Poor's does not reverse its decision to lower the rating of the United States to "AA +" with 'Negative' outlook. The agency submits a new version of its release to focus on "political risks" to see the country taking insufficient measures against its budget deficit payday loan lenders.In another statement released at night, she explained that the correction of the error has changed only marginally forecasts of debt in 3 to 5 years to come, "decisive" for its decision. "This is a technical error, no serious consequences," says one within the agency.

According to S & P, the political debate on these issues in the United States is indeed not up to the problems caused by a debt of more than 14,500 billion.According to a U.S. government source quoted by CNBC, this episode proves that the decision by Standard and Poor's was taken regardless of the numbers, while revised data showed that the deficit would be sustainable over the next ten years.

"Latest victim of the failure of Obama's economic"

The rating agency had in fact warned in mid-July the Obama administration she wanted a deficit reduction of 4 trillion dollars over ten years to maintain the triple-A, instead of hard-won 2.1 trillion. John Chambers, President of the Evaluation Committee of S & P, also found on CNN that Washington could have prevented the lowering of the notes within the ceiling as soon as the statutory debt.He said the responsibilities were shared by the Administration and Obama, but also "the previous administration."

The political reaction in Washington have shown just block pointed to by S & P. Mitt Romney, candidate for the Republican primary for the 2012 presidential election, has described the downgrade of American "latest victim of the failure of Obama's economic" and the Republican president the House of Representatives "consequence of uncontrolled spending in Washington in recent decades."The Senate Democratic leader, Harry Reid, has instead called for "a balanced approach to deficit reduction," with lower costs but also increases targeted taxes, it rejected the Republicans, under pressure ultra-conservative "tea parties" in the recent discussions on the debt.

(With branches)

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Republicans and Democrats tear each other apart in Washington for several weeks to avoid economic and financial catastrophe. The draft plan expected Sunday night was supposed to at least prevent markets open Monday morning in Asia, the dollar collapses. Since mid-May, when the debt ceiling up to 14,300 Treasury billion was reached, investors have been remarkably patient. But tired of political impasse, however, they could start selling U.S. Treasury securities and cause a sudden rise in bond yields.

Beyond the immediate threat looming two major systemic risks. Chronologically, the first is that of a selective defect of the Treasury. The latter says that beyond the August 2, it will no longer have sufficient liquidity to pay all its bills.The only way to continue to pay both current expenses such as salaries of civil servants, pensions of the elderly, as well as interest and principal on its debt, is to issue new bonds. $ 87 billion of federal government bonds maturing on August 4. It can only do that by issuing new shares. For this, it must have the authority of Congress as the upper limit of 14,300 billion debt would be exceeded.

Risk of asphyxiation

Without authority to do so, the treasure is August 3 in a position to "selective default" is to say, forced to choose which to honor its debts. Even putting hundreds of thousands of civil servants laid off to focus on pensioners and holders of government bonds, the Treasury can hardly make time.Uncle Sam is, in fact, take roughly 42% of what it spends. If he can not borrow, it quickly asphyxiated. This asphyxiation born a global crisis of confidence, the stock market crashes and bond, a collapse in domestic demand in the U.S. and global recession. The enormity of the threat calls for a last-minute compromise, reducing public spending, paving the way for a poll under the ceiling of the debt.

The second danger is less serious, but the probability is much higher: it is the degradation of the AAA rating given to the debt of the United States. American paper would no longer be the instrument chosen by the risk-free banks and investors around the world to park their cash. The returns required by investors to hold bonds tarnished increase.An increase of one percent of these returns would result in $ 150 billion more than annual burden of debt for the Treasury.

The three major agencies have warned the White House and Congress: America does not deserve to keep the rating the best expense only if it engages in a credible plan to reduce the medium to long term its debt. It is therefore possible that next month, noting that the compromise that made it possible to raise the debt ceiling is accompanied only by inadequate measures of savings, one or more agencies degrade America.

The emerging markets are facing a "problem-rich" fight against the overheating of their economies – from 6 to 7% last year – when developed countries are seeking to boost their low growth. "Their macroeconomic management faces a dilemma: keep inflation that accompanies this growth through restrictive monetary and fiscal policies, knowing that increases in interest rates contribute to the massive influx of capital," says chief economist of Coface, Yves Zlotowski. Some countries are better equipped, such as Brazil, the driving force of the South American continent and one of the first to respond, noting early on interest rates and imposing taxes on capital inflows.

Dilma Rousseff, Lula's successor as president, also began to impose fiscal restraint.If the funds continue to flow, growth has slowed down somewhat in the first quarter to 4.2% against 7.5% previously. "Brazil is a highly diversified economy in its exports, with an internal market dynamics. Above all, the country has lead the last ten years important structural reforms, "adds the analyst.

"Institutional delay"

Conversely, the credit insurer is more concerned about the neighbor Argentina, faced with high inflation of 23%, where the industry is operating at full capacity, supported by consumption and fiscal and monetary policy very accommodative. Overheating is very important in part masked by a current account surplus driven by exports of soybeans in China. But the landing is likely to be brutal crash.

In Asia, the weakest link is located in Vietnam, with a very open economy model of development with Chinese characteristics, based on the investment, mainly Asian. Iran is benefiting from rising costs in China, resulting in even relocation. This generated a huge credit bubble, whose share in GDP increased in ten years from 30 to 120%. The difference is that it does not have the same cash reserves that China and he is obliged to regularly devalue its currency, the dong. "There is a real institutional delay, the risk is, in a skid, discourage investment, which finance the huge current account deficit," Yves Zlotowski analysis.

However, the restrictions put in place gradually in the large emerging economies – China, India, Turkey, Brazil – should provide a soft landing.The challenge is to develop real consumer markets that go through a reduction in inequalities and a growing middle class and to provide for future growth in developed countries.

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The Paris Bourse rebounded sharply Tuesday. At the close, the CAC 40 gained 2.04% to 3877.07 points. Markets are optimistic about the fact that the Greek Parliament will give this evening its confidence in the new government Papandreou for the implementation of its program of fiscal austerity. Greek Prime Minister called for a national agreement of political parties to adopt its austerity plan and get a new aid.

In addition, the Japanese Minister of Finance, Yoshihiko Noda, promised Tuesday that his country would continue to buy bonds from the European Financial Stability (EFSF), to help the euro area to overcome the debt crisis of some of its members. Sign of the relief the markets, the euro recovers.At the end, it was 1.4396 dollars against 1.4301 late Monday.

The markets also learn that sales of existing homes in the U.S. fell in May from 3.8% to 4.81 million units annual rate, according to figures released Tuesday by the National Association of Realtors ( NAR), slightly less than analysts had feared.

In London, the FTSE-100 index gaining 1.44 of the main values% over the closing Monday at 5,775.31 points. For its part, featuring Dax index of the Frankfurt Stock Exchange on Tuesday pressed a bar 7200 points ending up 1.89% to 7285.51 euros, against 7150.21 points the day before closing.

Maurel & Prom, Areva and derive the rating Nexans

Maurel & Prom (5.01% to 17.20 euros) sold in Canada Caroil Tuscany for $ 120 million and 29% in capital.The group posted the best performance from the coast on Tuesday.

Areva (2.06% to 26.05 euros).The Committee of European Group (CGE) Areva said Monday that Oursel Luke, the future chief executive of the specialist public of nuclear, was expected to set out his strategy for the company.

The French manufacturer Nexans cables (3.60% to 64.78 euros) announced Tuesday that it would strengthen its presence in China by acquiring 75% of the energy cable business of the Chinese Shandong Yanggu Cable, valued around 140 million (including debt).

Valeo (5% to 44.12 euros) is carried the words of its Director General Jacques Aschenbroich who welcomed the "very good first half of 2011" in an interview Monday in Paris. "Valeo increased by three to four points faster than the market "on which it operates, and the order books of Valeo exceed 12 billion euros, he said.

The IPO postponed Verallia

Saint-Gobain (2.80% to 42.58 euros) on Monday announced the postponement of the IPO of its subsidiary Verallia, a failure that symbolizes the current weakness of capital markets on fund nervousness of financial markets the Greek crisis.

Carrefour (1.68% to 27.30 euros) held a general meeting of importance on Tuesday. The slump experienced by the Carrefour share in recent days has led the meeting. The shareholders approved Tuesday in a stormy atmosphere complete the demerger of Dia, the company's French distributor discount, denounced by the unions who cry "dismantling" of the group's strategy also worried some small shareholders.

Alstom (1.20% to 42.47 euros) is developing a new model for high-speed train, the AGV II, which could run at a maximum speed of 380 to 400 km / h, according Les Echos."After the failure of the Eurostar, Alstom aims to expand its range of high-speed train for international tenders, while the competition has never been higher," said the daily.

The automaker Renault (2.92% to 38.07 euros) does not market new high-end vehicles before the end of 2014, announced the group's commercial director, Jerome Stoll.

While 200 planes were sold yesterday at the Paris Air Show, European governments are on the frontlines in defense of public aid granted to Airbus (EADS: 2.33% to 21.75 euros), challenged by Boeing and the WTO.Ministers to UK companies found that surgery was beneficial to taxpayers, at a meeting at Paris Air Show.

In addition, Eurocopter, a subsidiary of EADS, is expected to have discussions in the fall with the Ministry of Defence, who want to save money on the result of the Tiger and NH90 programs, The Tribune reported Tuesday.

The CAC 40, only Danone (-0.25% to 52.15 euros) and Pernod Ricard (-0.36% to 66.89 euros) decline.

SNCF would she yielded to the temptation of quotas? A belief in Le Parisien, Aujourd'hui en France, SNCF controllers have actually quantified targets to be achieved. A confidential memo was sent in April to all employees of a commercial Train (ECT) in Paris to show them to achieve "four cases per day, with 41% of the amount of PV cashed directly for a minimum of 50 euros per day, the newspaper said.

A bonus system also encourages officers to be zealous by directly targeting travelers who can pay right away, writes the daily. On each transaction, the agents receive a percentage of the total amount, the newspaper said, noting that this system is much more advantageous for controllers if passengers pay on the spot.And that can pay big dividends: The Parisian-Today in France indicates that controllers can receive monthly bonus of up to 700 euros, depending on the zeal and grade. But often, these bonuses, paid from the thirtieth euros harvested, have little impact on total compensation for officers, the newspaper said.

"It will help you be muted

Better performance would also facilitate subsequent ascension of hierarchical controllers. "Everyone knows that if you're a good little soldier, you will have more incentive and it will help you be transferred to the TGV, where you will be better paid," says Sebastian Tarbes, Controller and activist South Rail at Paris- Today in France. Conversely, agents that do not quite verbalize would be punished, according to the newspaper, which cites the case of three officers who received a layoff of five days.They would not have achieved their objectives.

In an interview with Le Parisien, Aujourd'hui en France, Patricia Lacoste, director of operations at the station, says "there is no political figure but a political fight against fraud." The ruling added that "the objectives are defined in terms of rate control and non-regularization. "The number of adjustments made by a skipper is measured and observed by the average of its capital," says Patricia Lacoste. It also states that "controllers have four objectives: safety, security and backup service."

"Contrary to company policy"

Contacted by lefigaro.fr, CFDT Railwaymen also stresses that "controllers are primarily responsible for sales agents Security and welcoming travelers.In addition, the organization said they had not been aware of the note and "if such guidelines were handed down to us, we would have intervened with management," said a spokesman. The union added that this type of instructions is "contrary to company policy which is not in a logic of repression but rather in a desire to preserve revenue. As for the Advancement of supervisors, the union says they are based on passing examinations, seniority and rating agents.

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Finance ministers of the euro area hoping to keep their meeting Friday night at the Chateau de Senningen, Luxembourg, secret. Not a chance. It was stale, in real time by the website of the magazine Der Spiegel, the most famous of Germany, who found a little faster, there was talk of an "exit" of Greece to the euro area. A new contradicted on all sides, which was enough to plunge the euro of 1.30%, to $ 1.43 on Friday night.

If the output of the euro was a rumor "completely fanciful" in the words of Bercy, the financial position of Greece was indeed part of the discussions in the Grand Duchy.A situation so explosive, with a debt of 350 billion euros in early 2011 (150% of GDP), that this appointment did not appear on any official agenda …

Were present in Luxembourg: Jean-Claude Juncker, head of the Eurogroup, which took the initiative of the meeting, Christine Lagarde, Wolfgang Schäuble, Julio Tremonti of Italy, the Greek Finance Minister George Papaconstantinou; Minister Spanish Solgado Elena, the ECB president, Jean-Claude Trichet and European Commissioner for Economic Affairs, Olli Rehn.

"We did not discuss output Greece to the euro! It's a stupid idea! We do not want the euro area explodes! "Insisted Jean-Claude Juncker after the meeting, visibly annoyed. "We also exclude the option of restructuring the heavily cited by the markets," he added."Greece needs a further adjustment program," he insists.

Rejected by France, the ECB, the European Commission and the boss of the Eurogroup, who fear the contagion effect in the euro area (see below), the assumption of a debt restructuring Greek has nevertheless been mentioned, as "mild" a debt rescheduling. But it was not accepted as a reasonable assumption, including the Germans. "This is not the agenda," says Will we in Berlin, even though the Liberals in the coalition are pushing for banks to charge, and, failing to leave Greece in the euro area …

A hole estimated at 30 billion

Leaving aside these two extreme options, there is only one solution: a new financial extension beyond the 110 billion euros of loans already granted by the EU and the IMF to Greece.This amount is insufficient today to cover the financing needs of Greece to June 2013, when the rescue plan will expire today.

To fill a hole estimated at 30 billion euros, before the coming into force the European mechanism of stabilization (TSS), a new form of rescue was considered, in Luxembourg.

According to the Greek finance minister, he would "use the recent European Council decision authorizing the Fund to redeem the debt Greek." This is not Greece which would directly lesmarchés in 2012, as agreed at the first save, but the Fiscal Stabilization Fund (EFSF), which would acquire the newly issued debt by Athens at the height of 25-30000000000 euros. The EFSF, sovereign rated 'AAA' markets, has 440 billion euros of lending capacity.

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The team goes into overdrive in the race to develop digital. In January, Marie-Odile Amaury, CEO of the eponymous media group, reiterated his desire to develop the sports daily on digital media, web, mobile tablets, after clearing up advertising revenue in 2010. "The Team Leader Sports Information on digital. Our website attracts over 5 million unique visitors per month, consuming more than 700 million page views, which places him among the top three websites in France, across all categories. Our mobile traffic has surpassed 100 million monthly page views. All our media are also available on shelf ", says the CEO of L'Équipe, which is also considering" creating a product designed exclusively for Team shelves that prepares for early 2012. "

In 2011, one of the group's priorities is to approximate the print and Web newsrooms, which total more than 350 journalists and must "work more consistently. These essays have lived ten years in parallel with strong stories, "says Francis Morinière, who named Fabrice Jouhaud head of editorial at the end of last year. The latter has seen his responsibilities extended to the Web, in addition to newspaper and magazine. "This is one of the most brilliant journalists of his generation, I think this project will lead with intelligence."

A free channel available on an HD channel

Another variation of the group, the Team TV channel on cable (numeric), satellite (CanalSat) and ADSL (SFR), carries an audience share of 0.2%, according to Mediametrie. What is the future of TV? "The thematic development of pay channels is complicated to run.That's why, if the CSA confirmed its intentions, The Team will be a candidate for the award of a frequency HD digital free sports information, "says Francis Morinière, echoing the call for APF applications "should be announced for late 2011. Until now available on carriers paying Team TV would become a free channel, directly accessible on a HD channel. "This is a major project for the Amaury group. That's why this decision was taken in full agreement with Philippe Carli, CEO of the group. Two years ago, the president had said during the Estates General of the press that "The State should ensure that the press has the conditions for its development." Our development on television follows this logic.The future of media groups through their ability to project itself into a multimedia based on strong brands and recognized, "said Francois Morinière.

If he gets the green light from the CSA, the proposed free HD channel on DTT would require an investment of "more than 30 million euros cash advance now. Many people are concerned about upsetting the economic balance of the PAF. But it will not be challenged because we are targeting around 1% market share of advertising revenues in television [estimated at 3.4 million net in 2010, according Irep]. When comparing the profitability of media groups and media groups, there is no danger in delay. For us, it can be very beneficial to the contrary ", says the CEO of the group.What would the editorial content of this new channel for free? "The sport is missing from the landscape of free channels, then it is a focal point for 25 million French. The public expectation is high, and the legitimacy of the team is obvious. Our project is ambitious and is a part of Team DNA. It was Charles Bietry, editorial director of TV crew and one of the inventors of the sport on television, which designs the project. "

8.4 million consumers

If he was born, this project would compete with that of Alain Weill, RMC Sport, which would also aim to invest TNT HD. "We'll see. Team TV has been around almost 13 years, but the draft RMC. Our editorial guidelines are different, our projects will be too.RMC is very focused on football and relies on consultants vedettes.Notre project will discuss all sports in all their meanings, and based on an essay of 350 journalists sport experts, present on all land sports the world. Sport is essential in the TNT. The team of 70 can speak the French sports, "argues Francis Morinière.

In 2010, France paid for the dissemination of L'Équipe, almost stable at -0.3%, amounted to 302,158 copies, according to OJD. Sporting events of 2011 do they offer such good prospects? "We are pleased with these figures. This is the first time that the daily broadcast is stabilized since 2006, knowing that France was now in the final of the FIFA World Cup, "said Francois Morinière.In addition, Team consolidates its leading position in national newspaper with 2,347,000 readers daily on average, up 1.6%, according to the latest audience research EPIQ. A hearing "up 6% on assets and AB +, as the Group Chief Executive. Finally, the mark "Team" is the first media brand in France with 8.4 million consumers weekly, daily between the Web and magazine. Nevertheless, 2011 will inevitably a little quieter for us. Sporting events are less promising and have the disadvantage of being in negative time difference, "he concedes.

Returned to profit, the group Team weighs "250 million" in sales in 2010. "Just over 50% of its revenues" are generated by the newspaper, whose 'relative share is fairly stable, "said its director general.