PRINTED MATTER: Slumping advertising sales and withering circulation dented first-quarter revenues at French media group Lagardère’s multimedia division, Lagardère Active, which includes the weekly magazines Elle and Paris Match.
The activity’s sales were up 1.1 percent to 204 million euros, or $219.8 million at average exchange rate for the period.
Lagardère’s magazine publishing business was down 5.1 percent, reflecting a 5.3 percent drop in advertising revenue and a 7.4 percent dip in circulation. By contrast, Lagardère’s television business logged a good quarter.
Overall, company net sales in the first quarter rose 3 percent to 1.57 billion euros, or $1.69 billion, with Lagardère trumpeting strong trends in travel retail and a buoyant publishing activity in France, with the success of the “Fifty Shades” series in the paperback segment, but weak activity in English-speaking countries.