PARIS — France’s Lagardère Group said its division encompassing magazines, radio and television channels, known as Lagardère Active, saw revenues slip 5.5 percent on a like-for-like basis in the third quarter to 196 million euros, or $218.8 million.
A growth in radio activities and an 8.7 percent rise in digital sales, primarily driven by a diversification into e-health, didn’t offset the negative performance of magazine publishing, which saw revenues drop 8.2 percent. Circulation at the group’s magazines fell 9.1 percent, while advertising revenues declined 5.1 percent, which it characterized as an improvement compared to the first half of the year. Its flagship titles are the French edition of Elle and Paris Match.
Other aspects of the Lagardère business were more buoyant, especially travel retail and its publishing division, notably due to the release of “Harry Potter and the Cursed Child.”
Overall sales in the three months ending Sept. 30 totaled 1.98 billion euros, or $2.2 billion, up 6.1 percent on a like-for-like basis. Dollar figures are converted from euros for the period in question.