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Just keep in mind that's literally owned by the French government.
That’s probably a factor in why it’s able to maintain such high quality.

Though most French commercial media are not bad, either.

I think it is not owned by the government, rather by the state.

In a democracy, how is this a bad thing?

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Yeah, just like the BBC is owned by the British government. Less clickbait and scaremongering, I guess.