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Lyon Capitale in receivership

first_img Organisation January 12, 2006 – Updated on January 20, 2016 Lyon Capitale in receivership FranceEurope – Central Asia Help by sharing this information May 10, 2021 Find out more Placed in receivership on 10 January by the city’s commercial court, Lyon Capitale has avoided liquidation for the present and is open to possible new ownership bids. In the meantime, the newspaper has still not reappeared for sale at newsstands.——9 January 2006Lyons-based weekly faces bankruptcy after criticising city’s mayorReporters Without Borders voiced regret today that the provincial weekly Lyon Capitale is facing bankruptcy as a result of its criticism of Lyons mayor Gérard Collomb in October over his allocation of public markets, which prompted the mayor to withdraw all municipal advertising from the newspaper.Run at a loss for years, Lyon Capitale has depended on municipal subsidies and advertising for its survival. Its financial problems deepened after it was bought by a group of private investors in August. A close aide of the mayor told Reporters Without Borders that Collomb terminated all advertising because he felt he had been libelled, but the decision is likely to result in the newspaper’s closure and the dismissal of all of its staff.“We regret that a newspaper’s survival is in danger because it criticised a local politician,” Reporters Without Borders said. “Lyon Capitale’s journalists are paying the price for the sharp deterioration in relations between the newspaper’s executives and the city of Lyons. Regardless of whether or not the accusations against mayor were true, the use of state and local government advertising as a means of pressure threatens press freedom and must be condemned.”Lyon Capitale used to support Collomb when he took over as mayor in 2001 but it gradually began giving more and more space to the local opposition, especially his leading challenger, Dominique Perben of the centre-right UMP. After the publication of the very critical issue in October, the mayor took Lyon Capitale’s majority shareholder, Bruno Rousset, to task about its editorial line. The newspaper’s publisher, Jean-Olivier Arfeuillère, was fired on 13 December.Rejecting the publisher appointed to replace Arfeuillère, the newspaper’s staff staged a series of strikes in December. The editor was dismissed as well on 3 January. The newspaper has not been published for several weeks and may never re-appear.Meanwhile, the staff of another Lyons-based newspaper, La Tribune de Lyon, also went on strike on 4 January in protest against the censorship of a report implicating the mayor in a case of embezzlement. The publisher, who is a Collomb supporter, refused to publish the article and replaced it with an interview with Collomb. FranceEurope – Central Asia News “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says News June 4, 2021 Find out morecenter_img to go further RSF denounces Total’s retaliation against Le Monde for Myanmar story Follow the news on France News News June 2, 2021 Find out more Receive email alerts Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU RSF_en last_img read more

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In FirstEnergy Bailout, Customers Would Pay 1 Month Extra for 8 Years

first_imgIn FirstEnergy Bailout, Customers Would Pay 1 Month Extra for 8 Years FacebookTwitterLinkedInEmailPrint分享John Funk for the Cleveland Plain Dealer:Federal utility regulators appear to be the last bulwark between consumers and FirstEnergy’s efforts to make them pay more to subsidize two of its old Ohio power plants.The Ohio Consumers’ Counsel, several environmental groups and competing power suppliers have asked the Federal Energy Regulatory Commission to intervene a second time in a case pending before Ohio regulators.What’s at stake for consumers?Higher electric bills even as low natural gas prices continue to drive coal and nuclear power plants to the sidelines and gas-fired plants push wholesale power prices to new lows.Ohio Consumers’ Counsel Bruce Weston said consumers using an average amount of electricity could pay $790 to $827 extra for electricity over the next eight years, or about $100 extra every year.All customers would pay extra, even those who buy their power from competing suppliers. The surcharge would be “non-bypassable.” The total cost to all customers, including commercial and industrial, would come to about $3.6 billion, said Weston.The money that people need for school clothes and medical co-pays will bail out inefficient coal & nuclear plants.”“When all the jargon is stripped away, the FirstEnergy … [plan] requires regular people to pay an extra month’s electric bill each year for eight years.Full article: FirstEnergy customers would pay equivalent of extra monthly electric bill for up to eight yearslast_img read more

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