Taliban, Putin, Netanyahu: the imposing hunt of Karim Khan, ICC prosecutor
War in Ukraine: without Russia, Crimea will become “one of the best places to live in Europe”, assures Zelensky
British justice: traditional wigs, deemed “discriminatory” by black lawyers, about to be abandoned
Israel: for the first time, Eden Golan sings in public the original version of her song rejected during Eurovision
Cancer: Klineo, a platform allowing patients to access new therapies
Suicide attempts and self-harm on the rise among young girls
In Europe, 10,000 people die every day from cardiovascular disease
Brussels raises Spanish GDP forecasts to 2.1% and foresees a deficit of 3% in 2024
Pixar announces it will lay off 14% of its staff and abandon content production for its Disney platform
“Airbnb tax niche”: the Senate adopts the bill to regulate the market for furnished tourist accommodation
“I want to be remembered”: who is Inoxtag, the YouTuber who went to climb Everest?
Why are many accounts on X announcing the arrival of YouTuber Inoxtag at the summit of Everest
Injured during a football match, Yannick Noah cancels his summer concerts
Mischa Aznavour: “Tahar Rahim as Charles Aznavour, it’s class!”
For Charles Aznavour's 100th birthday, a plaque in Paris where the singer lived during the Second World War
Charles Aznavour: when Universal Music enthusiasts play detective
Omoda 7, another Chinese car that could be manufactured in Spain
BYD chooses CA Auto Bank as financial partner in Spain
Tesla and Baidu sign key agreement to boost development of autonomous driving
Skoda Kodiaq 2024: a 'beast' plug-in hybrid SUV
The home mortgage firm rises 3.8% in February and the average interest moderates to 3.33%
This is how housing prices have changed in Spain in the last decade
The home mortgage firm drops 10% in January and interest soars to 3.46%
The jewel of the Rocío de Nagüeles urbanization: a dream villa in Marbella
At the Lutte Ouvrière festival, the dreams of Trotskyist revolution collide with the reality of the European elections
“Such a dear friend on whom I could always count”: the political class pays tribute to the former mayor of Marseille, Jean-Claude Gaudin
New Caledonia: Valls pleads for a “global agreement”, Knafo judges that “France must stick to its positions”
New Caledonia: Braun-Pivet wants a postponement of the Congress
These French cities that will boycott the World Cup in Qatar
Roland-Garros: Djokovic in search of his “best possible level”
Roland-Garros: full day for the French in qualifying
Basketball: Paris Basket joins Asvel in the semi-finals
Ligue 2: after a crazy scenario, Rodez dismisses Paris FC and will face Saint-Etienne in the play-offs
The Vivendi media group announced on Tuesday exclusive negotiations between its magazine press subsidiary Prisma Media and the Le Figaro group for the sale of the Gala press title, according to a press release. Vivendi has received "several offers" for the sale of the weekly people, one of the conditions set by the European Commission to authorize it to take control of the Lagardère group, says Vivendi. The French media group, chaired by Yannick Bolloré and Arnaud de Puyfontaine, says it is "confident of being able to finalize this operation by October 2023". If these negotiations are successful, the Le Figaro group "will have to be approved as a buyer by the European Commission", said Vivendi.
In an interview with Le Figaro on May 25, Claire Léost, president of Prisma Media, announced that her group should “soon do everything to compensate for the loss in the coming months of the Gala jewel” (paid distribution in France of 127,975 copies in 2022, down 4.7% and 7 million subscribers on TikTok), which so far represented more than 10% of its turnover and “one of the most profitable titles in the press”. The magazine would realize a small forty million euros in turnover. As part of Vivendi's takeover bid for the Lagardère group (Lagardère travel retail, Hachette, etc.), management had tried for many months, in vain, to convince the European Commission that the weekly title was not positioned on the same people market as Paris Match magazine.
“This forced sale of Gala is a real heartbreak for us and for its 130 people who work for this brand, said the president. We are expecting a very high valuation from this nugget”. She then explained that she had already received for the Gala “about fifteen marks of interest” from French and foreign actors.
By buying Gala, the Le Figaro group will be able to strengthen its position in the women's press market, where its weekly Madame Figaro - sold in packs at weekends with Le Figaro and Le Figaro Magazine - claims a controlled paid circulation in France of 384,669 copies in 2022, up 1.1%.
