PARIS — France’s Lagardère Group said its division encompassing magazines, radio and television channels, known as Lagardère Active, posted a 5.8 percent decline in revenues on a like-for-like basis in the first half, to 402 million euros.
The company said revenues from its magazine publishing business, which include the French edition of Elle and Paris Match, dropped 4.2 percent over the first half on a like-for-like basis, weighed down by a 6.3 percent fall in advertising revenues. Circulation was down 3.4 percent, a performance the company termed “resilient” due to the French presidential elections.
Lagardère’s radio activities were dragged down by a decline in listeners of its flagship station Europe 1, down 6.8 percent despite better business in the music radio activity. TV activities were down 8.1 percent due to unfavorable program delivery scheduling, Lagardère said.
Brisker business from the sports and entertainment division, travel retail and publishing contributed to an overall rise in group revenues over the first half, up 5.4 percent on a like-for-like basis to 3.3 billion euros, with a lift from football activities in Europe and the Phil Collins tour in France.