Géo

Géo is a magazine title owned by Prisma Media, France's leading magazine publisher. Prisma Media is currently newsworthy due to a significant restructuring plan involving the elimination of 40% of its workforce, equating to 261 positions out of 650. This announcement, made on March 30th, represents the third wave of departures within the last two years. Prisma Media, founded by Bertelsmann, was acquired by Vivendi in April 2021, with Bolloré Group as the primary shareholder. Since the acquisition, the company has already reduced its workforce by over a third. The current staff reduction plan highlights the challenges facing the magazine publishing industry and the impact of corporate ownership changes on media organizations like Prisma Media and its publications, including Géo, Capital, Télé Loisirs and others.