Arnaud Lagardere is the CEO of Lagardere SCA.
Lagardère SCA is French conglomerate with interests in media, defense and aerospace. Lagardere media subsidiaries include Hachette Livre (book publishing) and Hachette Filipacchi Medias (HFM), a leading publisher of magazines in France. Hachette Distribution Services, another subsidiary, is the world leader in media distribution.
On January 31, 2011, Lagardère SCA announced that it would sell the international magazine business of Hachette Filipacchi Medias to Hearst Corporation. The deal includes almost all Hachette magazines published outside of France. Hearst had bid 651 million euros for the business, which includes 102 titles in 15 countries. Before the deal, Hachette Filipacchi Medias had been a leading publisher of magazines around the world, generating over half of its revenue outside of France.
Lagardere's broadcasting division, Lagardere Active, owns major radio stations such as Europe 1, Europe 2 and RFM in Europe, and many outside of France. The TV division operates 17 televsion stations including MCM and Canal J, and a number of production companies.
Contact Information
| Web Site: | www.lagardere.fr |
| Telephone: | 33.1.40.69.1600 |
| Address: | 4 rue de Presbourg
Paris Cedex 16
France |
Media Subsidiaries
Other Lagardere SCA Properties
EADS (minority interest)
Hachette Distribution Services
Hachette Filipacchi Medias
Hachette Livre
Lagardere Active
Comments about Lagardere SCA
Comments to date: 2. The most recent comments are below.| |
Media Owners editors Boulder Colorado USA | Posted at 11:18am on Monday, January 31, 2011 |
Lagardère Receives Binding Offer from Hearst for Non-French Magazine Business, Lagardère announced in Paris on January 31, 2011:
"Lagardère SCA is pleased to announce it has received a fully binding offer from Hearst Corporation, not subject to any further due diligence, for its international magazine business with an attached share purchase agreement. The companies have extended the exclusive period which began on December 31, 2010.
*Hearst has made a firm cash offer of €651M for Lagardère Active's international magazine business. The perimeter to be sold includes 102 titles in 15 countries (The United States, Russia & Ukraine, Italy, Spain, UK, China, Japan, The Netherlands, Czech Republic, Hong Kong, Mexico, Taiwan, Canada and Germany).
*The transaction includes a Master License Agreement (MLA) relating to the Elle trademark in the 15 countries mentioned above. Lagardère will grant a license to Hearst (for magazines, internet, mobile, and all digital and audiovisual supports), which will not cover merchandising licensing. As a result, Lagardère will be entitled to receive an annual recurring royalty payment from Hearst, based on Elle net sales generated by Hearst in the above 15 countries:
- Based on 2010 unaudited financials, this recurring royalty payment (net of associated expenses) will be c.€8M in Resop1 for Lagardère Active ;
- These above future payments are equivalent to an estimated c.€70M (post tax) value on a net present basis
*Lagardère will retain, in some European countries, real estate assets, currently used by the international magazine business, worth around €30M.
As the owner of the Elle trademark, Lagardère will continue to oversee the brand consistency through the Elle network management.
This binding offer is subject to some customary governmental approvals and to antitrust clearances in some countries.
In compliance with regulatory requirements in some jurisdictions and prior to signing transaction documentation, Lagardère will initiate an information and consultation procedure with the relevant workers' councils.
Closing of the transaction is expected by Q3 2011."
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Media Owners editors Boulder Colorado USA | Posted at 11:01am on Tuesday, January 25, 2011 |
Lagardère SCA Raises Forecast
-- On January 25, 2011, The Wall Street Journal (subscription required) reported:
"Lagardère SCA on Tuesday raised its full-year forecast for 2010 for the second time as advertising markets recovered more quickly than expected, and outlined a strategy to put its sports and entertainment unit at the heart of its business.
The French media conglomerate said it now expects operating profit from its media divisions to be flat to down 5% in 2010, having previously expected a drop of 5%.
In early 2010, the group was predicting a 10% fall, but raised its forecast as advertising revenue started to recover at its press and broadcasting division."
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