Roularta sells several magazine brands

Vivendi and newspaper Le Figaro had also expressed interest in the titles, but Drahi, who is the controlling shareholder of telecoms group Altice, won out. No financial details were disclosed in the statement on Thursday.

The deal would include the magazines L’Express, L’Expansion, Mieux Vivre Votre Argent, Lire, Classica, Pianiste and Studio Cine Live, as well as the websites of L’Entreprise, Job Rencontres and Distrijob.

Roularta bought roughly ten French magazines in 2006 for about €210m (US$247.11m), but the titles’ profitability and circulation dropped significantly since then. The Belgian publisher will keep some French magazines, including L’Etudiant and Point de Vue.

The company earned three-quarters of its revenues of €676m last year from printed media.

Read the rest of this story at Reuters.

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