Tuesday, March 4, 2008

"diversification and audiovisual rights

The media group has a net profit of 168.7 million euros. Its sales rose by 5.7%. The digital channels reach equilibrium.

The group M6 today issued a group net income fell to 168.7 million euros in 2007 2006, which incorporated the accounts 256.8 million euros profit activities held for sale. Net income from continuing operations and are up 11%.

At the same time, its consolidated sales grew by 5.7%, of which 7% under its advertising revenues (M6 channel, digital channels, press and internet), and 4.2% for non-advertising . Note that the digital channels recorded an increase of 51.1% of their income from advertising.

The operating margin from continuing operations was, however, up by +5.9% to 236.1 million euros.

In detail, the antenna M6 contributes to the tune of 681.6 million eurosau turnover and 196.5 million in operating income. The digital channels (100 million euros in turnover) reached equilibrium, with a slightly positive contribution to operating income (0.3 million).

Finally the contribution of "diversification and audiovisual rights" displays a turnover of 45.7 million euros, a decline of 10.6% compared to 2006, due to "developments on the various contrasting Trades' growth poles and web offset VAD and the results of M6 Interactions.

The Executive Board will propose a dividend of 1 euro per share to the General Meeting to be held on May 6, 2008.

it announced Monday the appointment of Phil Harrison to the post of deputy director general, the new leader is also expected to join the board of directors of the group.

'With the recent appointment of David Gardner to the position of Chief Executive Officer (CEO) executive, Phil and David together will form the basis of the management team that will lead the transformation of Infogrames and Atari brand position among the first companies online game ', the group says video games in a statement.

Phil Harrison will be responsible for overseeing the studios and the development of content for the group and expand its publishing activities, including strengthening its product portfolio through new offers games online and offline as well as through recruitment designers and developers of talent.

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