October 23, 2008

AFP: the chairman charged “to modernize” the statute



Irony of the calendar…

Whereas Marie Drücker evoked with brilliance yesterday on France the 3 pressures which could have been exerted for more than 50 years on the mediae of the press and television, the representatives of the State gave mandate Thursday to the chairman of the Agency France-Press, to Pierre Louette, to propose a “modernization” of the statute of the AFP, which is defined by a law of 1957.

At the time of a board of directors of the agency, they in particular evoked the possibility of creating a “stable shareholding”.( Finance Information City )



Mr. Louette will have “to make before the end of first quarter 2009 of the proposals for a modernization of the statute of the Agency”, indicated at the time of this council the director of the Development of the media Laurence Franceschini.

“It is necessary to see up to what point it is possible to equip the Agency with a stable shareholding, possibly suitable for associate the employees”, added Mrs. Franceschini, by underlining the need for respecting “the principle of independence, consubstantial with the history and the credibility of the Agency”.

Mr. Louette affirmed for its part that he would seek to install a perennial finance mechanism of the Agency “in the respect of his missions”.

Last March, the chairman of the Agency France-Press had reiterated his remarks in favour of an evolution of the statute of AFP.

In an interview in the World, Mr. Louette had then reaffirmed that it was “ready to think of the evolution of the statute around a clear principle: not to touch with the independence of AFP, to equip AFP with a stable public shareholding, finally to open the capital with paid and a company in which customers of the agency would be represented”.

The idea to equip the agency with a stable shareholding had been also integrated into a report submitted in September to Nicolas Sarkozy by Danièle Giazzi, national secretary of UMP, from the point of view of the general states of the press.

A law of January 10, 1957 makes of AFP a company equipped with a statute without equivalent, subjected to the commercial law but with a derogatory governorship with the common right of the companies. The board of directors of the Agency is indeed composed of eight representatives of the press, two representatives of the audio-visual public, three representatives of the State and two staff representatives. The agency does not have an authorized capital. Its object: “To seek, as well in France and in the whole of the Union French as abroad, the elements of complete information and objective” and “to place against payment this information at the disposal of the users”.

An new agreement of objectives and means (COM) for AFP concerning the period 2009-2013 will enter in addition into force at January 1, 2009, announced Mrs. Franceschini.

The preceding COM had fallen since December 31, 2007. For the year 2008, devoted to the negotiations of the next COM, the amount of the Convention of State - by which the State fixes the amount of its subscriptions at AFP - remained unchanged compared to 2007, to 107,7 million euros.

The State will guarantee the indexing of its subscriptions on inflation for the first three years of the COM, to a total value of 1,8%.

Pierre Louette, whose the three years mandate to the presidency of AFP expires in December, in addition stated “that it intended well to continue the engaged activity with the head of the Agency”.

The chairman made state finally provisional result Net of 1,1 million euros at June 30. After years of deficit, AFP joined again in 2006 and 2007 with positive bottom lines - respectively 3 and 6,1 M Euro - partly which had with exceptional operations.

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