Thursday, 10 March 2011

The cruelest paper in Paris is also the funniest and most solvent

Der Speigel on Le Canard Enchaîné

Canard, on the other hand, France’s only satirical weekly newspaper, is doing well in this ailing country. Circulation went up by 32 percent in the first two years after Sarkozy’s inauguration, and thanks the country’s numerous scandals it now prints 700,000 copies per week. Net profit was roughly €5 million ($6.9 million) in 2009. For decades, the paper has covered France’s scandals with credible and reliable reporting, while at the same time publishing decidedly malicious cartoons, tongue-in-cheek opinion pieces and fictitious columns by politicians.

The paper is owned by its editors and has an incredible cash reserve and property holding of €110 million.