PCM Uitgevers, the Dutch publishing house, has pulled out of a joint venture with Marcel Boekhoorn to launch a free quality newspaper in The Netherlands.
Boekhoorn, a wealthy entrepreneur, was set to take a 51 per cent stake in the venture that would see him producing the paper and PCM printing it.
The idea was criticised by some PCM shareholders, who said that the venture would eat into PCM's paid-for nationals, which include NRC Handelsblad and De Volkskrant, even though they would have no editorial control.
Boekhoorn's paper is due to appear in the beginning of 2007, with a circulation of more than 600,000.
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