Lagardère Active suffers first-half fall
Lagardère Active, the multimedia arm of French conglomerate Lagardère, turned in revenues of Â831m for the first half, a like-for-like fall of 17.7%.
The audiovisual divisionÂs revenues fell by 15% on a like-for-like basis. The company said its French TV and radio channels performed better than those abroad, where the fall was over 20%. Digital services represented 7.4% of Lagardère ActiveÂs total, up from 6.4% for the comparable period in 2008. Â
Operating income from Lagardère ActiveÂs consolidated activities amounted to Â9m, down from Â112m for the same period in 2008.
Lagardère owns TV channels Gulli, Canal J and Virgin 17, as well as production unit Lagardère Entertainment, digital division Lagardère Digital France and ad sales arm Lagardère Publicité.Â