LagardÃ¨re Active, the media arm of the French conglomerate, reported revenues of Â1.289 billion for the first nine months of the year, up from Â1.226 billion year-on-year. However, revenues at the LagardÃ¨re Entertainment TV arm fell in the third quarter due to the low number of programme deliveries during the period. LagardÃ¨re Entertainment revenues for the first nine months were up slightly on the previous year.
LagardÃ¨re said the Active unitÂs revenue grew by 5.6% in the third quarter, compared with growth of only 0.6% for the first half, thanks to a strong recovery in the advertising market, notably for its magazines business.Â The company said it expected the pace of year-on-year ad revenue growth for the rest of the year to be less strong than in the third quarter.
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