PARIS — France’s Lagardère Group said its division encompassing magazines, radio and television channels, known as Lagardère Active, saw revenues slip 4.8 percent on a like-for-like basis in the first quarter to 194 million euros, or $207 million.
All divisions excluding pure digital activities registered declines during the period. Revenues for the magazine division, which includes the French edition of Elle and Paris Match, were down 5.6 percent in the quarter against a backdrop of an 8.1 percent decline in advertising revenues.
The group noted that the period coincided with the run-up to French presidential elections, which is generally unfavorable to advertising, and the first quarter is traditionally weak in advertising terms.
Lagardère’s radio activities saw turnover decline 5.5 percent as its flagship station Europe 1 lost listeners, while TV was down 4.3 percent. Digital activities, however, saw revenues jump 13.1 percent, buoyed by the development of e-health.
Other aspects of the Lagardère business were more buoyant, especially sports and entertainment and travel retail. Overall sales in the three months ending March 31 totaled 1.53 billion euros, or $1.63 billion, up 6.2 percent on a like-for-like basis. Dollar figures are converted from euros for the period in question.