Overview

• BFM Paris, a local news channel, is set to close by the first half of 2025 following years of financial struggles, including projected deficits of €1.9 million for next year.
• The decision was announced during a Committee for Economic and Social Affairs meeting, five months after the media group was acquired by CMA CGM, led by billionaire Rodolphe Saadé.
• The closure will affect 27 journalists and five advertising staff, with plans to reassign employees to other channels in the group or offer severance through a clause of cession.
• Management emphasized that the closure is not a directive from the new owner but rather a response to the channel's inability to achieve financial stability since its inception.
• Other regional BFM channels are not currently affected, and the group maintains its commitment to local news coverage despite ongoing challenges.