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Main CHANGES IN the scope of consolidation

2016

The main changes in scope of consolidation in 2016 were as follows:

Lagardère Publishing

  • Full consolidation by Hachette Book Group over a nine-month period in 2016 of the publishing business of the Perseus Books group, a trade publisher in the US. This business includes nine brands (notably Avalon Books, Basic Books, Da Capo Press, Public Affairs and Running Press), publishes 500 new releases per year and has a catalogue of over 6,000 titles, for example covering a wide variety of non-fiction categories such as history, science, religion, economics, personal development, health, education, biography, travel guides and music.
  • Sale by Hachette Book Group of 51% of Yen Press, specialised in the publication of graphic novels and Japanese comics (mangas). The Group retains significant influence over Yen Press which is accounted for under the equity method with effect from June 2016.
  • Sale by Hachette Livre of the 50% interest held in Harlequin, the leading publisher of romantic novels which was deconsolidated in April 2016.
  • Consolidation over six months in 2016 of Neon Play, a specialist in video game design for mobiles and tablets acquired by Hachette UK in June 2016.

Lagardère Travel Retail

  • Sale by Lagardère Travel Retail of Press Distribution businesses in Spain (SGEL), Canada and Belgium, in February, May and December 2016, respectively.

Lagardère Active

  • Sale by Lagardère Active of the 49% interest in SETC (Société d'Edition de Télévision par Câble), which was accounted for under the equity method until May 2016.
  • Sale by Lagardère Active of the LeGuide group, which was deconsolidated as from October 2016.

Lagardère Sports and Entertainment

  • Sale by Lagardère Sports of the Endurance division, which specialises in the organisation of running events in European cities. The entity was deconsolidated in April 2016.