Media
Billionaire French Shipping Tycoon Expands Hunt for Media Assets – BNN Bloomberg
(Bloomberg) — French shipping billionaire Rodolphe Saade is seeking more media acquisitions after snapping up a regional newspaper and failing to get his hands on a broadcaster.
“I am interested in media,” he said in an interview Tuesday on France Inter radio. “I am looking at everything, the subject interests me.”
Saade, whose family-owned container line CMA CGM SA has its headquarters in the southern port of Marseille, joined the ranks of French billionaires who dominate the country’s media scene after buying the city’s regional daily La Provence a few months ago. The Saade family has a net worth of $16.3 billion, according to the Bloomberg Billionaires Index.
A significant chunk of French media is held by billionaires. Newspaper of record Le Monde is owned by a group of investors including telecoms tycoon Xavier Niel and Czech billionaire Daniel Kretinsky. Luxury group LVMH, founded by billionaire Bernard Arnault, controls Les Echos-Le Parisien, while Le Figaro is owned by Group Industriel Marcel Dassault SA, the holding company of the Rafale aircraft-making Dassault family. Through Vivendi, billionaire Vincent Bollore holds Pay TV groupe Canal+, radio Europe1, and magazine Paris Match among other media assets.
Saade’s foray into media comes amid an acquisitions spree through the family’s closely held CMA CGM, the world’s third-largest container line. In addition reaching a deal to buy Niel’s stake in La Provence newspaper, he was also part of a bidding consortium for French television company Groupe M6 before German media giant Bertelsmann SE & Co. decided not to proceed with the sale.
Skyrocketing freight rates during the pandemic gave CMA CGM a cash pile to bankroll acquisitions, including of logistics companies, a stake in Air France-KLM, new vessels and a holding in a satellite operator.
In Tuesday’s interview, Saade quashed talk of a purchase of the football club Olympique de Marseille. Speculation about a possible acquisition had grown after he reached an agreement this month for CMA CGM to become the club’s major sponsor in the 2023-2024 season.
Moves into football club ownership and even politics would have been in keeping with other wealthy business owners.
“For the moment, I’m not doing politics, and for OM we’re putting in place this strategic partnership and I think that’s enough,” Saade said.
–With assistance from Phil Serafino and Benoit Berthelot.
©2022 Bloomberg L.P.
Media
Jon Stewart Slams the Media for Coverage of Trump Trial – The New York Times
Welcome to Best of Late Night, a rundown of the previous night’s highlights that lets you sleep — and lets us get paid to watch comedy. Here are the 50 best movies on Netflix right now.
Media Circus
Opening arguments began in former President Donald Trump’s criminal trial on Monday, with much of the news media coverage homing in on as many details as possible about the proceedings.
Jon Stewart called the trial a “test of the fairness of the American legal system, but it’s also a test of the media’s ability to cover Donald Trump in a responsible way.”
The Punchiest Punchlines (Insano Edition)
The Bits Worth Watching
Jimmy Kimmel’s sidekick, Guillermo Rodriguez, took the stage with Madonna in Mexico City over the weekend.
What We’re Excited About on Tuesday Night
The economist Stephanie Kelton will chat with Jordan Klepper and Ronny Chieng, the guest co-hosts, on Tuesday’s “Daily Show.”
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In “Under the Bridge,” Hulu’s chilling new series, Riley Keough and Lily Gladstone investigate the murder of a teenager.
Media
Jon Stewart lampoons media’s coverage of Trump’s first day at trial – CNN
‘Decisive, definitive and regretful’: Iran’s foreign minister issues warning to Israel
Media
Jon Stewart rips media over coverage of ‘banal’ Trump trial details – The Hill
Jon Stewart blasted the media for covering the “banal” details of former President Trump’s first of four criminal trials, which began with opening statements Monday following a week of jury selection.
In his Monday night broadcast of “The Daily Show,” Stewart poked fun at the TV news media for tracking Trump’s traffic route from Trump Tower to the courtroom, compiling footage from various outlets, as they tracked each turn his car made.
“Seriously, are we going to follow this guy to court every f‑‑‑ing day? Are you trying to make this O.J. [Simpson]? It’s not a chase. He’s commuting,” Stewart said. “So the media’s first attempt — the very first attempt on the first day — at self-control failed.”
Media outlets have closely covered Trump in recent days, as he makes history as the first U.S. president to stand trial on criminal charges. Trump is also the presumptive GOP nominee for president this year.
Trump currently faces 34 criminal counts of falsifying business records in connection to reimbursements to his then-fixer, Michael Cohen, who paid adult film actress Stormy Daniels $130,000 ahead of the 2016 election to stay quiet about an alleged affair she had with the former president a decade prior. It is the first of four criminal trials Trump will face, and perhaps the only one that will go to a jury before the November election.
Stewart, in his broadcast, took aim at TV news outlets, suggesting they were covering small news alerts as significant breaking news developments.
Stewart pretended a producer was talking in his earpiece and paused midsentence, saying, “Hold on. We’re getting breaking news,” and cut to a clip from an earlier interview conducted by CNN’s Jake Tapper, who similarly cut off his guest momentarily to identify a photo displayed on screen to his audience.
“I’m sorry to interrupt. Just for one second. I apologize,” Tapper said in the clip. “We’re just showing the first image of Donald Trump from inside the courtroom. It’s a still photograph that we’re showing there. Just want to make sure our viewers know what they’re looking at.”
Stewart shot back, saying, “Yes, for our viewers who are just waking up from a 30-year coma, this is what Donald Trump has looked like every day for the past 30 years. Same outfit.”
Stewart ripped CNN again for analyzing the courtroom sketches so closely, saying, “It’s a sketch. Why would anyone analyze a sketch like it was — it’d be like looking at the Last Supper and going, ‘Why do you think Jesus looks so sad here? What do you think? It’s because of Judas?’”
“Look, at some point in this trial, something important and revelatory is going to happen,” Stewart said. “But none of us are going to notice, because of the hours spent on his speculative facial ticks. If the media tries to make us feel like the most mundane bullshit is earth-shattering, we won’t believe you when it’s really interesting.”
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