Freight rates may be falling but liner companies still have substantial profits to spend. Having gorged on newbuilding orders, airlines and logistics, they are turning their attention to diversification. For instance, CMA CGM is expanding its media empire. The group owns two newspapers which reflect its southern French HQ, La Provence and Corse Matin, along with 10% of M6, a private TV network. It is now to buy La Tribune, the ‘French FT’, a daily financial newspaper, depending on regulatory ap...
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