Vivendi has started exclusive negotiations with the Figaro group for the sale of the magazine Gala.
Vivendi has received “several offers” for the sale of Gala, one of the conditions set by the European Commission to authorize him to take control of the Lagardère group, specifies the group in his document. Vivendi says that he is “confident in being able to complete this operation by October 2023.”
already owner of Here it isVivendi has effectively taken over the media in Europe 1 through Lagardère, the JDDAND paris partyand the Commission feared by this latter title that a dominant position would be established in the celebrity press sector.
128,000 copies come on average every week
Recall that Vivendi (controlled by Vincent Bolloré) acquired Prisma Media (entertainment television, Here it is, current woman, Capital, Geo…) two years ago.
Gala sold an average of 128,000 copies each week in 2022, down 4.7% year-over-year according to the Alliance for Press and Media Figures (ACPM).
By way of comparison, Paris Match had sold an average of 478,000 copies each week, also down 3.7%.
With a turnover of more than 15% in 2022, the Figaro group, owned by the Dassault family, is present in media, travel, marketing/advertising and ticketing, and reaches 60% of its turnover in digital business.
Source: BFM TV
