2023-08-08 19:39:35
The impetus to revive XXI et 6Mois will finally come to an end. The company Quatre, which oversees the review of long-format reports and its photojournalistic counterpart, is in dire financial straits. In a judgment delivered on Tuesday August 8, the Paris Commercial Court chose to place the company Quatre in receivership. The editorial director, David Servenay, had filed a declaration of cessation of payments on Tuesday, July 25.
Faced with the explosion in the price of paper in 2022, XXI et 6Mois had launched an appeal for donations campaign in April, notably supported by the economist Julia Cagé – who is also president of the Society of Readers of the Monde – and the journalist of Mediapart Fabrice Arfi. But as of March 2023, magazines XXI et 6Mois no longer paid (or delayed) freelance journalists and their other creditors, as revealed Release July 16.
Exasperated by the situation and the lack of information for which they blame the management, a dozen of them formed a collective in early June. Mr. Servenay then informed them that he was unable to pay them after a precautionary seizure of the company’s bank accounts at the request of the magazine printer.
If she was a precursor in 2008, XXI now competes with dozens of other Mooks (hybrid format between book and magazine) such as Zadig, Americaor We Demain. Claiming 8,500 followers for XXI and the 3,500 of 6Mois as well as the copies sold in bookshops, the journals remain today in deficit for the fifth year in a row. The publishing company Quatre would also total more than 700,000 euros in debt.
” Flight forward “
Of the hundred employees concerned, some of them say they feel “blurred” et “angry to have been swept away” For many months. Contacted by The worldseveral people accuse the direction of the reviews of a ” flight forward “ pointing to the myriad of recent projects when finances were already fragile. “They validated orders when they knew full well that they did not have the money to honor them”, denounce several collaborators speaking anonymously. In recent months, the new management team of the journals has launched podcasts, a collection of small books, or even doubled the periodicity of 6Mois.
“They don’t have the correct chronology of events, all new projects were launched at the beginning of 2022”assures Mr. Servenay, who remembers the beginning of the financial troubles “from January February 2023”. “The fact remains that they continued to design the next issues until June 30”says a collaborator in response.
You have 23.57% of this article left to read. The following is for subscribers only.
#financial #difficulty #XXI #6Mois #receivership