Paris Match magazine shifts ownership to billionaire Bernard Arnault

RFI

2 October 2024 at 4:44 am·1-min read

French billionaire Bernard Arnault has added another jewel to his media crown, taking control of Paris Match, one of France's best-known weekly magazines.

Arnault’s latest acquisition, announced on Tuesday, brings Paris Match under the umbrella of his vast media empire, after the publication spent time under the stewardship of right-wing media tycoon Vincent Bolloré.

France's richest man and CEO of luxury goods conglomerate LVMH, Arnault gained control of the iconic magazine as part of a broader deal that includes other publications like Le Journal du Dimanche.

These outlets were previously overseen by Bolloré, whose controversial influence stirred tension within France’s media landscape.

Right-ward shift

Bolloré’s ownership saw Paris Match increasingly shift toward more conservative content, a move that sparked criticism from both readers and journalists.

The Paris Match editorial team will now come under the larger framework of the Arnault-owned media group, which includes prestigious outlets like Les Echos and Le Parisien.

LVMH said in a joint statement with the previous owners that the deal "marks the beginning of a new chapter" in the history of Paris Match, which was founded in 1949.

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Right-ward shift

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