NRJ will focus on its media business, said Marc Pallain
NRJ Group wants to concentrate on its media activities as part of its strategic plan called "NRJ 2010," says Marc Pallain, chairman of the board of the group.
In an interview with Les Echos to be published Friday, he said that the group is planning a partial disengagement of the international and diffusion technique (Towercast).
"Our project (...) is to focus on our media: radio, television and the Internet. In our other activities, we will look for partners. Example, we plan to open the capital of our technical broadcaster, Towercast, One of the nuggets in the group. We would even be willing to become a minority if that is a potential buyer wanted, "says Marc Pallain.
"We also intend to reduce our exposure in three countries: Finland, Austria and especially Germany. In the latter country, we were unable to reach the critical size, because we have been victims of a clear discrimination in relation to local groups with no support from the French authorities, "he adds.
NRJ could "be open the capital of the three countries, or sell them while conceding our brand, as (it has) already made in Sweden," he added, stressing that these three countries "have lost 1 , 9 million euros (1st half) when other countries earned 2.4 million. "We keep our business in Switzerland and Belgium, which are profitable."
"The situation in the advertising market was difficult in 2007 and it remains uncertain for 2008. Radio, our audiences are rebounding since late 2007. However, in advertising, in January 2008 was bad like the market will be in February roughly stable, but March looks overcautious, "says Marc Pallain also.
"Fortunately, our television advertising revenue has more than tripled in January-February, and will further accelerate in March (...). On the internet, our advertising revenues have almost doubled in January 2008 (...). Longer run, the elimination of advertising on France Televisions should benefit NRJ 12, but also Nostalgie, whose audience is similar. Therefore, we must continue to invest in our diversification, which will weigh on our profitability. "
The chairman of the board of NRJ also announced that the acquisition of Internet companies is "an axis of reflection". "We could spend a few tens of millions of euros, but we will remain cautious and not surpayerons not," he added, however.
"We looked at a number of issues, but valuations have seemed excessive in relation to synergies with the group. The financial crisis will be bringing some sense."
Marc Pallain said that, under the plan NRJ 2012, "there will be neither social nor stop departures," but also stressed that "management will be more rigorous."
In an interview with Les Echos to be published Friday, he said that the group is planning a partial disengagement of the international and diffusion technique (Towercast).
"Our project (...) is to focus on our media: radio, television and the Internet. In our other activities, we will look for partners. Example, we plan to open the capital of our technical broadcaster, Towercast, One of the nuggets in the group. We would even be willing to become a minority if that is a potential buyer wanted, "says Marc Pallain.
"We also intend to reduce our exposure in three countries: Finland, Austria and especially Germany. In the latter country, we were unable to reach the critical size, because we have been victims of a clear discrimination in relation to local groups with no support from the French authorities, "he adds.
NRJ could "be open the capital of the three countries, or sell them while conceding our brand, as (it has) already made in Sweden," he added, stressing that these three countries "have lost 1 , 9 million euros (1st half) when other countries earned 2.4 million. "We keep our business in Switzerland and Belgium, which are profitable."
"The situation in the advertising market was difficult in 2007 and it remains uncertain for 2008. Radio, our audiences are rebounding since late 2007. However, in advertising, in January 2008 was bad like the market will be in February roughly stable, but March looks overcautious, "says Marc Pallain also.
"Fortunately, our television advertising revenue has more than tripled in January-February, and will further accelerate in March (...). On the internet, our advertising revenues have almost doubled in January 2008 (...). Longer run, the elimination of advertising on France Televisions should benefit NRJ 12, but also Nostalgie, whose audience is similar. Therefore, we must continue to invest in our diversification, which will weigh on our profitability. "
The chairman of the board of NRJ also announced that the acquisition of Internet companies is "an axis of reflection". "We could spend a few tens of millions of euros, but we will remain cautious and not surpayerons not," he added, however.
"We looked at a number of issues, but valuations have seemed excessive in relation to synergies with the group. The financial crisis will be bringing some sense."
Marc Pallain said that, under the plan NRJ 2012, "there will be neither social nor stop departures," but also stressed that "management will be more rigorous."
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