Wednesday, 3 June 2009

Lagardère: Bonnier acquisition of five publications of HFM U.S.

(Boursier.com) - Hachette Filipacchi Media U.S. (HFM U.S.), the American subsidiary of Lagardère Active and Bonnier Corp.. announced today the acquisition of five publications Bonnier specialized HFM U.S.: Popular Photography, Flying, Boating, Sound & Vision and American Photo. HFM U.S. for this operation is a strategic move, announced long to make a focus on target segments: the feminine and automotive, while selling its magazines which, to date, less than 10% of its print business in the USA. It is also to allocate the resources needed to deploy bi media (print and digital) of these segments. "We are pleased that Bonnier Corp. has acquired securities of our niche and we believe that these five brands will benefit in their new environment for synergy and support conducive to the acceleration of their development," said Alain Lemarchand, President of Hachette Filipacchi Media U.S.. The transaction, effective today, allows Bonnier Corp. to strengthen its leadership in the magazines of interest, with nearly 50 titles, including Popular Science, Saveur, Parenting, Field & Stream and a number of marine publications. This is the third acquisition of Bonnier Corp. in recent months following those of Working Mother and Scubing Diving. "We have always sought to expand our portfolio of brands to attract more fans," says Terry Snow, Director of Bonnier Corp.. "These five titles from Hachette fit perfectly into our strategy for multimedia development." Note: More Boursier.com and Finance edited by Newsweb (Lagardère Group). Newsweb is a leader in its specialized topics: the stock market (with its brands Boursier.com Finance and More), sports (with its brands and Sports.fr Football.fr, dedicated to the cur football), the paris sportifs (with its Sport4fun mark), Automobile (with its brand Autonews.fr), news (with its brand LeJDD.fr / Le Journal du Dimanche online) and news (with its brand parismatch.com).

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