Lagard re announces the disposal of the Jacaranda radio station and the signing of an agreement for the sale of the Mediamark advertising sales brokerage to South African group Kagiso Media As part of its strategic refocusing on Lagard re Publishing and Lagard re Travel Retail, the Lagard re group is today announcing the completion of the following transactions for the disposal by Lagard re Active Radio International (LARI) of its businesses in South Africa to long-standing fellow shareholder, the Kagiso Media group:
the disposal on 7 February 2019, of the 20% interest held by LARI in Jacaranda FM Proprietary Limited, owner of Jacaranda FM, South Africa s number 1 private radio station, to the Kagiso Media group. Jacaranda contributed around 1.8 million to Group recurring EBIT in 2018;
the signing of an agreement for the sale of the 49.99% interest held by LARI in the Mediamark Proprietary Limited advertising sales brokerage to the Kagiso Media group. The closing of this transaction is subject to clearance from the South African regulatory authorities.
The sale price for Jacaranda was ZAR 233 million (just over 15 million)(1).
The sale price for Mediamark is estimated at ZAR 30 million (around 2 million)(1).
The Lagard re group is proud to have contributed to the creation of a leading brand and recognised advertising brokerage alongside Kagiso Media, the leading player in South Africa's radio segment.
(1) At current exchange rates.
Press Contacts
Thierry Funck-Brentano - tel. +33 1 40 69 16 34 - tfb@lagardere.fr
Ramzi Khiroun - tel. +33 1 40 69 16 33 - rk@lagardere.fr
Investor Relations Contact
Florence Lonis - tel. +33 1 40 69 18 02 - flonis@lagardere.fr
The Lagard re group is a global leader in content publishing, production, broadcasting and distribution, whose powerful brands leverage its virtual and physical networks to attract and enjoy qualified audiences.
It is structured around four business lines: Books and e-Books; Travel Retail; Press, Audiovisual, Digital and Advertising Sales Brokerage; Sports and Entertainment.
Lagard re shares are listed on Euronext Paris.
www.lagardere.com
To receive the latest Lagard re group press releases, sign up for the E-mail Alert.
Lagardre announces the disposal of the Jacaranda radio station and the signing of an agreement for the sale of the Mediamark advertising sales brokerage to South African group Kagiso Media
11/02/2019
Most recent headlines
20/04/2019
3D Storm receives NAB2019 Top EMEA Distributor Award from NewTek
3D Storm receives NAB2019 Top EMEA Distributor Award from NewTek posted: 19/04/2019 At NAB 2019 show 3D Storm received an award as Top EMEA Distributor for ...
20/04/2019
Content We Loved This Week: April 19
in the wild Apr 19, 2019 All around the world, content creators are inspiring us. You know how much we love it! View this post on Instagram A post shared...
19/04/2019
7 Artists and Creators to Stream During Arab Heritage Month-and Year Round
April marks Arab Heritage Month in the U.S. To celebrate, we're featuring Arab American artists, comedians, and actors in our key Yalla Araby playlist. We k...
19/04/2019
2019 NAB Awards Roundup: Grass Valley, Panasonic, Ross Video, Quantum, and More Take Home Show Honors
2019 NAB Awards Roundup: Grass Valley, Panasonic, Ross Video, Quantum, and More ...
19/04/2019
Behind the Mic: ABC, ESPN Deploy Full Armada of On-Site Talent for Next Week's 2019 NFL Draft in Nashville
Behind the Mic: ABC, ESPN Deploy Full Armada of On-Site Talent for Next Week'...
19/04/2019
NAB 2019 Reflections: SportZcast's Mike Connell Envisions Vast Expansion Into New Sports Ventures
NAB 2019 Reflections: SportZcast's Mike Connell Envisions Vast Expansion Int...
19/04/2019
NAB 2019 Reflections: EVS's Sebastien Verlaine, Nicolas Bourdon Lay Out IP, Virtualized Future
NAB 2019 Reflections: EVS's Sebastien Verlaine, Nicolas Bourdon Lay Out IP, ...
19/04/2019
NAB Reflections: Panasonic's Mike Bergeron on 8K ROI and the Smart Studio
NAB Reflections: Panasonic's Mike Bergeron on 8K ROI and the Smart Studio Automated production and AR technology are also part of the studio design By Ken ...
19/04/2019
Sportradar, SportsGrid To Launch Free, 24-Hour Sports-Betting Network
Sportradar, SportsGrid To Launch Free, 24-Hour Sports-Betting Network By Jason Dachman, Chief Editor Friday, April 19, 2019 - 10:10 am Print This Story St...
19/04/2019
NAB 2019 Reflections: ChyronHego CEO Marco Lopez on the Importance of Sports-Venue, Esports Business
NAB 2019 Reflections: ChyronHego CEO Marco Lopez on the Importance of Sports-Ven...
19/04/2019
NAB 2019 Reflections: Object Matrix's Jonathan Morgan on the Power of Object-Based Storage for M&E
NAB 2019 Reflections: Object Matrix's Jonathan Morgan on the Power of Object...
19/04/2019
NAB 2019 Perspectives: The Switch's Charles Conroy Says Traditional Sports Broadcasters Can Help But Need To Listen to Esports' Needs
NAB 2019 Perspectives: The Switch's Charles Conroy Says Traditional Sports B...
19/04/2019
NAB 2019 in Review: The Major Trends and Surprises From the Big Broadcast Show in the Desert
NAB 2019 in Review: The Major Trends and Surprises From the Big Broadcast Show i...
19/04/2019
ZAYAN BAYAR BIL KEPERLUAN PEMINAT
ZAYAN BAYAR BIL KEPERLUAN PEMINAT Date Released:19 Apr 2019 Share Tweet Masalah pembayaran bil memberi tekanan dan membebankan anda? Sertai ZAYAN BAYAR u...
19/04/2019
IP-BASED SWITCHING SYSTEM OFFERS SUPERIOR OPPORTUNITIES - CHRISTIAN GOBBEL
Even though Internet Protocol (IP)-based systems are still in a phase where standards need to evolve and necessary features need to be consolidated, the opportu...
19/04/2019
Interra Systems Expands Dolby Partnership, Adding Support for Dolby Vision to BATON QC Platform
BCA Events 2012. Events 2013. BCA Events 2013 Interra Systems Expands D...
19/04/2019
Friday Tips: The Center Stage Reverb
If you've ever played a large venue like a sports arena, you know that reverb is a completely different animal than what the audience hears. You hear your i...
19/04/2019
NFVF Cycle 1 Funding Applications is Open
19 April, 2019 - 08:03 The National Film and Video Foundation, an agency of the Department of Arts and Culture is pleased to announce that the call for Cycl...
19/04/2019
Hellocomputer signs as Agency on Record' for A+E Networks Africa
19 April, 2019 - 08:03 Hellocomputer Johannesburg has successfully pitched for and signed as the agency on record for A E Networks Africa, the global media ...
19/04/2019
Adlib adds sonic magic to O2 Academy Glasgow with Academy Music Group
Adlib adds sonic magic to O2 Academy Glasgow with Academy Music Group posted: 19/04/2019 Adlib's installation team has delivered another excellent tou...
19/04/2019
4Wall Invests in Kinesys
4Wall Invests in Kinesys posted: 19/04/2019 Leading North American Lighting and Video rental specialist 4Wall Entertainment has invested in new Kinesys au...
19/04/2019
Complete workflow solutions from Datavideo at NAB 2019
Complete workflow solutions from Datavideo at NAB 2019 posted: 19/04/2019 The HS-3200: This feature rich machine has 12 inputs who are all accepting a mix...
19/04/2019
Super Rugby highlights: Sunwolves 23-29 Hurricanes
NOTE: Additional reporting by AFP, Super Rugby Highlights appear courtesy of SANZAAR. New Zealand's Hurricanes recovered their puff after a shaky start Fri...
19/04/2019
Philippines Easter: Devotees nailed to crosses, submit to flogging [pictures]
Please note that this article contains graphic images which might upset sensitive viewers. Eight men and a woman were nailed to crosses while hundreds of baref...
19/04/2019
Fox Orders Another Season of Last Man Standing'
Photo courtesy of ABC Fox has renewed the comedy Last Man Standing for 2019-2020. Tim Allen stars in the show. Next season will be Last Man's second on Fox...
19/04/2019
Fox Cancels Comedy Rel,' Drama The Gifted'
Fox has canceled the first-year comedy Rel and the sophomore drama The Gifted. Rel debuted Sept. 30, a multi-camera comedy from 20th Century Fox Television. It ...
19/04/2019
Season Two of Strange Angel' on CBS All Access June 13
Drama Strange Angel debuts season two on CBS All Access June 13. The period drama centers on Jack Parsons, who straddled the worlds of science and the occult, p...
19/04/2019
Premier League: Results, fixtures and EPL latest log 20 April 2019
EPL Fixtures on 20 April *All times SAST Manchester City vs Tottenham 13:30 Manchester City and Tottenham contest a repeat of their midweek Champions League...
19/04/2019
Weather forecast, alerts and UVB index for all South African provinces, 19 April 2019
Weather data provided by the South African Weather Service. For a detailed forec...
19/04/2019
VIZ MEDIA ANNOUNCES NEW ANIME AND MANGA RELEASES FOR APRIL
VIZ MEDIA ANNOUNCES NEW ANIME AND MANGA RELEASES FOR APRIL BORUTO: NARUTO NEXT GENERATIONS Blu-ray/DVD Arrives Alongside MY HERO ACADEMIA And NIER:AUTOMATA No...
19/04/2019
VIZ ORIGINALS TO HOST PORTFOLIO REVIEWS AT LEADING 2019 POP CULTURE CONVENTIONS
VIZ ORIGINALS TO HOST PORTFOLIO REVIEWS AT LEADING 2019 POP CULTURE CONVENTIONS Opportunity For Artists And Writers To Show Their Works To The Team Behind VIZ&...
18/04/2019
Nokia provides recast comparative segment results and additional financial disclosures for 2018 reflecting the new financial reporting structure
Nokia Corporation Stock Exchange Release April 18, 2019 at 9:00 (CET 1) Noki...
18/04/2019
SMPTE Announces 2014 Honorees and Award Winners
SMPTE Announces 2014 Honorees and Award Winners Annual SMPTE Honors & Awards Ceremony Highlights Vision, Ingenuity, Perseverance, and Dedication to Motion Pi...
18/04/2019
InfoComm 2019
InfoComm 2019June 12-14, 2019 Orlando, Florida USA BOOTH: 4029 About ApantacApantac LLC is a leading designer and developer of high quality, cost effective ima...
18/04/2019
First edition of the Shah Marai Award, launched by AFP, won by Farshad Usyan
This award, entitled My Afghanistan, was launched in honour of Shah Marai, chief photographer of Agence France-Presses Kabul bureau killed in a suicide attack o...
18/04/2019
Jose Andino Joins CBS News as Senior Vice President, Human Resources
Apr 18 2019 NEW YORK, N.Y. - April 18, 2019 - Jose Andino has been named to the newly created role of Senior Vice President, Human Resources, CBS News, it was...
18/04/2019
KDDI to Offer "Travel Data eSIM powered by GigSky" Japan's First eSIM Service for Dual SIM iPhones
KDDI CORPORATION OKINAWA CELLULAR TELEPHONE COMPANY April 11,2019 KDDI CORPOR...
18/04/2019
Harris Corporation Showcases Commitment to Education and Innovation During STEM Day and Technology Day at the Capitol
Harris Corporation (NYSE:HRS), the largest aerospace and defense company headqua...
18/04/2019
Philip Lima Named Assistant Chair of Berklees Voice Department
Berklee has named Philip Lima as assistant chair of the Voice Department. Lima is a baritone vocalist who has garnered critical acclaim for his performances on ...
18/04/2019
Digital Nirvana - Russell Wise, NAB 2019 Interview
Russell Wise, Senior Vice President, Sales & Marketing at Digital Nirvana, in this interview to Larry Jordan of Digital Production Buzz from their booth on the ...
18/04/2019
Around the Biz 4/18/19: While AAF Files for Chapter 7 Bankruptcy, NFL TV Packages Please Network Execs
Around the Biz 4/18/19: While AAF Files for Chapter 7 Bankruptcy, NFL TV Package...
18/04/2019
NAB 2019 Reflections: Adorama's John Kaloukian and Chris Dunne Emphasize a Client-Centric Approach
NAB 2019 Reflections: Adorama's John Kaloukian and Chris Dunne Emphasize a C...
18/04/2019
LaLiga Ramps Up Broadcast of El Gran Derbi With 4K HDR to Boost Fan Viewing Experience
LaLiga ramps up broadcast of El Gran Derbi with 4K HDR to boost fan viewing expe...
18/04/2019
NAB 2019 Reflections: CenturyLink's Derek Anderson on Expanding Cloud-Based Media and Services
NAB 2019 Reflections: CenturyLink's Derek Anderson on Expanding Cloud-Based ...
18/04/2019
NAB 2019 in Review: Check Out All of SVG's Video Interviews From Vegas
NAB 2019 in Review: Check Out All of SVGs Video Interviews From Vegas By SVG Staff Thursday, April 18, 2019 - 1:30 pm Print This Story With NAB 2019 now f...
18/04/2019
Grass Valley Underlines Position as the Frontrunner in Innovation with Award Wins at NAB Show 2019
Grass Valley Underlines Position as the Frontrunner in Innovation with Award Win...
18/04/2019
Fujifilm announces firmware updates for FUJIFILM X-T30
Fujifilm announces firmware updates for FUJIFILM X-T30 Improved operability of the Q (quick menu) button 18.04.2019 FUJIFILM Corporation (President: Kenji S...
18/04/2019
How to Win on YouTube in 2019
Did you know that we love data? We also really love the creative community. That's why we're nerding out about our new report, the State of YouTube 2019...
