France's richest man takes control of Paris Match magazine [Yahoo! Finance]
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Source: Yahoo! Finance
The LVMH luxury conglomerate headed by Arnault, who regularly vies with the likes of Elon Musk for the title of the world's richest man, acquired the magazine in a deal worth 120 million euros ($133 million) first announced in February. A statement from LVMH on Tuesday said Paris Match had officially passed under the group's control. Bollore, whose conservative views are reflected by the CNews TV channel that he owns, has for the last years been accused of interference in the editorial line of the magazine, which still shifts 440,000 print copies every week. A staple of French newsstands, Paris Match is widely read for insights into the life of the country's cultural and political elite and shows an insatiable interest in the British royal family and other European monarchies. But it is also known worldwide for the quality of its photojournalism, including from war zones. Contacted by AFP, LVMH, which already owns the Le Parisien daily and Les Echos business newspaper, said
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