Duck Unchained

The century-old Le Canard Enchaine ("The Chained Duck") represents one of the most remarkable stories in modern journalism. Best known today for its unrivaled capacity to break big stories, the left-leaning, satirical newspaper has played a decisive role in French political and cultural life over the last half-century. Moreover, its financial health suggests a contrarian model for newspapers fighting for their survival, one that eschews the capital-intensive, growth-oriented, technology-obsessed strategies of the day.