Vivendi is additional reorganizing its portfolio of press titles, by eradicating its “luxury” magazines from its Hachette holding firm | EUROtoday

“It’s a very nice project for the luxury division. » The social and economic committee (CSE) which was held on Friday January 16 at Prisma Media (Capital, Current woman, Leisure TVetc.) lifted the veil on this “very nice project” talked about the day earlier than, throughout a gathering with the press, by the vice-president of the group, Gérald-Brice Viret. Please observe: Vivendi is getting ready to purchase again the shares from the press group it controls via its holding firm Louis Hachette Group. The Good Life, Ideat, Milk, House facetin addition to the license Harper’s Bazaar. “The sale price remains confidential, but Vivendi would pay part of this purchase, while the other would correspond to an investment in Prisma”explains Emmanuel Vire, cartographer at Geo and SNJ-CGT union delegate.

Considering the technique adopted lately, the operation raises questions. Indeed, after Vincent Bolloré acquired his fingers on Prisma in 2021, he needed to half together with his most worthwhile title, the superstar journal Gala – on the request of the European antitrust. To make up for the lack of turnover prompted, the group selected to develop its portfolio of titles standard with these highly effective advertisers, the foremost manufacturers. Did this plan fizzle out? According to a union supply, regardless of a turnover “from 23 to 25 million euros annually”the luxurious division would show “between 1 and 2 million euros in losses in 2025”.

You have 51.66% of this text left to learn. The relaxation is reserved for subscribers.