Lagardere reported third quarter sales, with publishing division revenues falling 4.3 percent to €646 million (down from €675 million a year ago). Underlying sales fell more, since that total includes €11 million from recent acquisitions. (Brainbow and Bookouture each contributed €5 million, and IsCool Entertainment added €1 million.) This year’s results were weighed down comparatively by last year’s release of Harry Potter and the Cursed Child by Hachette UK, and that division was down 13.5 percent as a result. US sales were down 2.8 percent, on “a lighter release schedule.” But the big French division rose 6 percent, mostly on improved educational sales. Foreign […]
