A step forward for French coop newspaper plan

A quick update on the attempt by the workers at the French regional Nice-Matin to turn their newspaper into a cooperative, which I blogged about recently.

The workers have now successfully raised the 300,000 euros they had initially hoped to get on the crowdsourcing website Ulele, but are still keeping their appeal open for a few more days for further contributions. They made their formal offer last week to the newspaper group’s administrator, where they are competing with five other bids which, they say, would all involve significant staff redundancies.

In the meantime they celebrated with a well-attended benefit concert in Nice last Sunday.  It was, they report, super chouette.

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