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Art book publisher Phaidon Press has bought the monthly film magazine Cahiers du Cinéma, from La Société Editrice du Monde (Le Monde). Cahiers was founded in 1951 and featured writings from Jean-Luc Godard and Francois Truffaut. Cahiers also publishes a range of books on cinema.
Richard Schlagman, Phaidon owner and publisher, said: "I am delighted to have taken custody of this venerable title. The magazine has had an extraordinary history, although in recent years it has struggled. I am determined to once again make Cahiers du Cinéma play a central role in the world of filmmaking and indispensable to its participants and aspirants."
David Guiraud, director general of Le Monde, said: "We are convinced that Phaidon will continue to develop Cahiers du Cinéma and all its current activities, in full respect of the history and the values of this mythical revue."