French newspaper Le Monde is cutting about 130 jobs, including a quarter of its journalists. Or rather, management wants to shed the jobs; the journalists have a sizable stake and could veto the plan. It lost E20m in 2007 and has debt of about E150m, despite growing its circulation to more than 310,000, which is twice that of Ireland’s biggest-circulating newspaper, the Irish Independent. It’s a fair sight bigger than UAE papers too.

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