PRINTED MATTER: Slumping magazine advertising and withering circulation dented fourth-quarter revenues at French media group Lagardère.

 

Net sales at the firm’s multimedia division Lagardère Active, which includes the weekly magazines Elle and Paris Match, slipped 0.6 percent on a like-for-like basis to reach 315 million euros, or $393.4 million at average exchange rates, reflecting an 11.4 percent drop in advertising revenue and a 7.1 percent dip in circulation. By contrast, radio and television each logged a good quarter.

 

Overall, net sales in Q4 fell 1.6 percent to 1.9 billion euros, or $2.38 billion, with Lagardère trumpeting strong trends in travel retail, but weak publishing activity due to a bumper crop of bestsellers in the year-ago quarter, including the “Fifty Shades” trilogy in France and Sir Alex Ferguson’s autobiography in the U.K.

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