Spir Communication, the owner of France's leading classifieds portals Leboncoin.fr, Topannonces.fr, Lacentrale.fr and Caradisiac.com, posted a 10.5 percent year-over loss in Q1 with international operations slumping by more than 21 percent.

If that sounds like bad news, a closer inspection suggests that the group is suffering from the general decline in advertising but particularly in th

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