Daily press The Nouvelliste is about money, political influence - and ultimately about the division of the market between Edipresse and Hersant. The "combat des reines", the trial of strength between the black fighting cows in the Valais sand, is a lick of paint compared to the shareholders' war over the Valais daily newspaper Le Nouvelliste. The shareholders are fighting like cats of prey. Le Nouvelliste is, to stick with the zoological analogy, a real cash cow. The monopoly newspaper of the French-speaking Valais posted the best figures of all the daily newspapers in French-speaking Switzerland in 2006. The publisher Rhône-Média was able to increase its turnover by almost one million to 40 million francs and posted a profit of 1.3 million francs. And yet two Valais shareholder groups of practically equal strength are fighting each other for money and political influence. The main shareholders recently voted each other off the Board of Directors. Extremely active and interested spectators inside and outside the ring: Edipresse and Hersant, the two major publishers in French-speaking Switzerland.
It all began several years ago. The Competition Commission ordered the Edipresse Group, which was classified as market-dominant, to withdraw from the Nouvelliste Board of Directors and reduce its shareholding to below the blocking minority of 33.3 percent. According to the convention, this block of shares of just over 4 percent should have been sold to the Valais shareholder group, but they did not agree. Neither on the price nor on who was allowed to acquire the shares. Two Valais clans of practically equal strength share around 60 percent of the shares and, according to the convention, they must make their decisions with a two-thirds majority. As a result, the disputed share package is still in the hands of Edipresse today. The second conflict broke out in 2003: The then Chairman of the Board of Directors, Jacques Lathion, was voted out of office because he had made daring statements in a letter to the Competition Commission: The Edipresse Group was abusing its dominant market position in Valais with the aim of keeping its competitor Hersant out of the market. Dissatisfied with Lathion and his alleged contacts with Hersant, Edipresse used allies on the Board of Directors to force Lathion's removal. He was replaced by Jean-Marie Fournier. The very conservative Christian Democrat with the nickname "King of Veysonnaz" deals in real estate. He also has influential relatives: His cousin Jean-René Fournier is a CVP state councillor. Fournier, according to Edipresse's assessment at the time, was at least a guarantee that Hersant would stay out of the game as an old-school Valaisan.
Far from it. The course of opening up away from the traditional CVP paper, which editor-in-chief Jean Bonnard was pursuing, was a thorn in the side of the new Chairman of the Board of Directors. Jean-Marie Fournier wanted to lead the newspaper out of the confusion of a modern forum paper and back onto the path of true faith. To do so, he was prepared to sell his soul even to the devil, i.e. the Hersant Group, with whom he was involved in a hanky-panky. The deal, as far as it became known, would have allowed Hersant to get a foot in the door of the Nouvelliste in return for Jean-Marie Fournier gaining more influence over the editorial line. At the time, Fournier got nowhere and the matter became public. He himself says that although he received the offer from Hersant, he rejected it immediately.
Dividend payment preventedIn mid-June of this year, Jean-Marie Fournier thought he had finally achieved his goal. He had succeeded in replacing Editor-in-Chief Jean Bonnard, whose policy of openness is partly responsible for the good business results, with Jean-François Fournier. The two Fourniers have no family ties, but ideological ones. The new editor-in-chief knows what is expected of him: That the Nouvelliste should once again exert greater influence on Valais society, in the spirit of the Catholic-conservative and right-wing bourgeois forces.
But the tide was already turning again: practically on the day the new editor-in-chief took office, there was a fierce dispute at the shareholders' meeting. For the third time, Chairman of the Board of Directors Fournier prevented the payment of a dividend. He explained his stance to Werbewoche that caution was needed, as advertising income was showing a downward trend. On the other side, it is suspected that Fournier wants to scare off other shareholders by refusing to pay a dividend. Fournier's opponent, insurance man Bernard Donzé, prevented all proposals by the Fournier clan. Once again, the equally strong shareholder groups blocked each other, the dispute escalated and the four largest shareholders resigned from the Board of Directors to avoid the humiliation of being voted off, or were not re-elected, including Fournier.
Four small shareholders remained on the Board of Directors. Fournier claims that three of them are "people from Edipresse" and that the Lausanne publishing house is thus disregarding the Competition Commission's requirement. If the Competition Commission stands idly by, it will lose its credibility. Edipresse reacted sharply: in an open letter to the four remaining board members, the publisher denied Fournier's statements and brought itself into play as a mediator: the problem lies with the shareholders' convention, which is blocking all decisions. It had to be revised so that Nouvelliste could break the deadlock. Edipresse was tired of the game of being either slandered or treated as an ally by the various clans, the publisher wanted to finally find a solution to the newspaper's structural problems.
Edipresse does not want to say any more about the proposal at the moment. Media spokeswoman Sylvia Wuersten is impenetrable, saying that they want to wait for the response to the letter. However, it is obvious that the proposal could become a sting in the wasp's nest: Should the shareholders' convention fall, Edipresse shares could be bought - by Jean-Marie Fournier, for example. Or Valais shareholders could sell their shares - to Hersant, for example. No wonder, then, that Hildebrand de Riedmatten, a member of the Board of Directors, is cautious: they want to comment on the organization of the Board of Directors and the letter from Edipresse at the beginning of August, whereby a change to the convention is a matter for the shareholders' meeting. For the rest, the company intends to continue its business "professionally, dispassionately and in the spirit of concertation" until the end of its mandate.
Helen Brügger