NRJ Group : A positive trend at the start of the year in TV and radio
>Positive advertising trend in Q1 - NRJ Group reported on Tuesday evening its Q1 revenues at € 89.7m, up 5.8% and a shade above our forecast of € 88.4m, thanks mainly to a better than expected performance from the radio division (+6.7% vs 5%e). TV revenues were up 1.7%, by below our forecast of +2.5% and that of the consensus at (+3.3%) due to a negative effect related to the suspension of a telesales contract. The trend is positive, confirming a relatively robust sta...NRJ Group is engaged in the multimedia industry, particularly in France's private radio market. Co. also operates in 22 other countries, as of Dec. 31, 2012. Co. works as a publisher, producer, and brodcaster, while marketing its own media space. Co. also develops new media such as television, internet and mobile telephony. Co.'s core business consists of creating and developing media, whether it be radio stations, television or the Internet. Co.'s operations can be divided into six segments: Musical Media and Events; Television; International Activities; Shows and Other Productions; Broadcasting and Other Activities. Co.'s brands are NRJ, NOSTALGIE, CHERIE FM, RIRE and CHANSONS.
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