Mixed results for Lagardère Active

Lagardère Active, the arm of the French conglomerate that encompasses TV and press activities, posted revenues of €207 million for the first quarter, down 5.3% year-on-year on a comparable basis and down 50% in absolute terms, thanks to the sale of Press Magazine Internationale and its Russian radio activities.

Lagardère posted positive results for its TV channels, with revenues up 2.9%, thanks notably to strong advertising sales for its Gulli channel, while TV production saw a decline of 2.5% thanks to a number of productions being pushed back to later this year.