the World - News from Jan. 16, 1985
Journalists of France’s prestigious daily Le Monde elected Andre Fontaine as new managing director in a bid to avert a financial crisis threatening the paper. He replaces Andre Laurens, who resigned last month after his leadership was rejected. Fontaine, a distinguished writer on foreign affairs and head of editorial operations, won the post with nearly 61% of the votes of the journalists, who hold 40% of the shares in the publication. Le Monde has been losing readers and advertising for three years.
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