TITLE

Profits fall forces Emap to sell flagging French division

AUTHOR(S)
Bold, Ben
PUB. DATE
March 2006
SOURCE
Campaign;3/3/2006, Issue 9, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Emap PLC has announced it is selling off its flagging French magazine business--a decision, it said, that was made after a review of strategic investment priorities. The announcement marks a change of strategy for the publisher. Last November, the Emap chief executive, Tom Moloney, responded to reports that the rival media company Lagardère SA was preparing a bid for Emap's French titles by saying that product launches were the 'best way forward' for the business. Last year, Emap revealed that profits at its French division were down by 50 percent to £14 million.
ACCESSION #
20214699

 

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