The day of the Lagardère group's results is synonymous with upheaval for the French press landscape.
In the hands of Vivendi since the end of November, it has just received an offer from the LVMH group to take over the magazine
Paris Match
.
The Lagardère group and the empire led by Bernard Arnault have just entered into exclusive negotiations.
Still a minority shareholder in Lagardère at 7.7%, Bernard Arnault had hoped for years to get his hands on the famous weekly.
This possible sale would once again reduce Lagardère's media assets, which include, in addition to Paris Match, the Journal du Dimanche and the radio stations Europe 1, Europe 2 and RFM.
While the Lagardère group's revenues crossed the milestone of 8 billion euros in 2023, up 14% year-on-year, it is still not time to celebrate for its media division with activities in decline ( -8.3% for radios, -9.4% for the press).
“The radio division will not be in balance in 2024 despite…
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