Liberation, France     

Based: Paris

Founded: 1973

Circulation: 134,800 (2006)

Owner: 39% of shares in the paper are owned by Edouard de Rothschild. A staff consortium holds an 18.4% stake, and the remaining shares are owned by Pathe, the investment group 3i and friends of the paper.

Launched in 1973 by Jean-Paul Sartre and a group of like-minded left-wing intellectuals, Liberation was aimed at the "1968 generation" - those who felt frustrated by the slow pace of social change in France and wanted a paper with an alternative outlook. What started off as a radical chic publication moved closer to the mainstream from the 1980s onwards, and by January 2005, when the banker Edouard de Rothschild became the main shareholder and invested 20m euros (13m) in the title, the process of counter-revolution seemed complete. A restructuring plan proposed by Rothschild gave rise to protracted and acrimonious battles with staff, and many of Liberation's most respected journalists left the paper.