Philippe Hersant (newspaper publisher) explained

Philippe Hersant, born in 1957,[1] is the current leader of Hersant Media Group and the last son of Robert Hersant (1920 -1996), who was nicknamed "papivore" because of his insatiable appetite for buying newspaper and magazine companies.

In the 2000s, due to the considerable debt of the Hersant Media Group, he was forced to sell many titles. In March 2004, he sells Socpresse to Serge Dassault,[2] which already held 30%. In 2005, he also has to sell the 40% stake in Rossel.

Notes and References

  1. Xavier Ternisien, "evil orderly succession Le Monde (paper) dated Wednesday, July 11, 2012, page 13, column 3 in fine.
  2. http://www.marianne.net/L-heritier-Hersant-n-a-pas-reussi-a-se-faire-un-prenom_a213347.html The Hersant heir has failed to make a name