Czech billionaire brings Libération to life

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A possible rescue comes from Czech businessman Daniel Kretinsky, billionaire in energy and media companies. He said on Tuesday that he is willing to lend Libération 14 million euros – around 150 million kroner – until the year 2026, when the newspaper’s management believes it has gained the right side of Libération.

Kretinsky has previously invested in French media, though not on the political left. He owns, among other things, the fashion magazine Elle, and is a co-owner of the daily newspaper Le Monde.

In a statement accompanying the offer, Kretinsky said he was “pleased to help preserve an independent daily newspaper essential to the democratic debate”.

Libération’s majority owner FDPI also receives a contribution of one million euros.