France

Classifieds save the day at Spir Communication

If it wasn’t for online classifieds, French media group Spir Communication would have been in deep trouble today. That much was clear from the financial results for FY2013 released this week. Revenue of it’s printing, distribution and printed publications divisions all dropped year-on-year. Only its classifieds businesses increased their revenue, to avert a minor financial disaster...

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Acheter-Louer; strategic switch to digital pays off

Back in 2011 Acheter-Louer announced a new strategy of favouring internet development over its traditional background in printed property classifieds.  It’s a move that now seems to be bearing fruit with the company back in profit after five years of losses and the latest figures showing a seven per cent increase in turnover to 1.75 million euros despite a difficult national market. The...

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Particulier à Particulier goes all-digital

It’s the season for resolutions and leading French property weekly Particulier à Particulier (PAP) has kicked off 2014 with a major rethink – the paper is no longer to be found on newsstands as it has gone purely digital. PAP could once be seen clutched every Thursday by flustered students in phone boxes desperately trying to be first to call for coveted flats in Paris.  Couples...

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Pôle Emploi opens up to portals

The French national job-finder service, Pôle Emploi, has not been quick to face up to the rise of private job portals.  So much so that it is a staple of the French press to write articles about how the likes of Leboncoin have effectively taken over as the principle job marketplace in the country.  That is all set to change as Pôle Emploi announces a digital revolution starting with a...

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Spir under new management; latest figures send shares tumbling

Spir Communication has been the subject of wild share speculation over the last year as the pressure to shift away from print and into digital has become ever harder to resist. Despite a clear and sustained trend in which only the digital properties show hope for growth Spir has been seen to be slow to divest of struggling non-digital divisions. The French press saw this as being the key reason...

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Spir announces figures – ignites flurry of trading.

Spir Communication’s share price saw a flurry of action at close of play on October 22nd with more than 100,000 shares traded in anticipation of its quarterly figures. When those figures were announced they showed a stable turnover of 119.9 million euros and the continued erosion of income from its printed press properties of 15.2 per cent. Once again the Internet arm goes some way towards...

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