NRJ GROUP (EPA:NRG) - NRJ GROUP - Press release 18.12.2014
Transparency directive : regulatory news
18/12/2014 18:27
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Press release - Paris, December 18, 2014
- NRJ Group states its ambitions for its TV division
- Editorial strengthening leading to a strategic program review
- Non-current expenses (with no cash-flow impact) on the 2014 consolidated
accounts of 35,8** MEUR
The NRJ Group's Board of Directors met on December 18, 2014 to approve the
group's consolidated budget for 2015. On this occasion, the new Managing
Director for the Television division, Vincent Broussard*, provided an update on
the division's recent results and, at the request of the general management,
presented an ambitious editorial project to gain audience for the NRJ 12 and
Chérie 25 channels.
The Board of directors approved this editorial strengthening decision.
Editorially, the objective is as follows:
- NRJ 12 :
- Build up more of a statutory channel positioning
- Strengthen the image of NRJ 12
- Target a wider audience around programs that unify different audience groups
- Focus on strategic slots: Access Prime Time and Prime Time
- Strengthen the development of digital by intensifying the monetizing of our
content
- Chérie 25 :
- Focus the offer along two lines: magazines/documentaries and cinema/fiction
- Strengthen awareness of the channel.
For financial year 2014, a non-current depreciation of EUR35.8** million for
program stocks which no longer meet the audience objectives of the TV division
will be recorded.
Jean Paul Baudecroux, Chief Executive Officer of the NRJ Group, said: "I am
convinced the Television division has the potential to succeed with the backing
of the solid fundamentals of the NRJ Group. With this ambitious editorial
project, the Television division will be able to strengthen its positioning and
win over the loyalty of a wider audience thanks to ramping up of some of its
iconic programs (its own unique, differentiated trademark brands) and the
purchase of new programs which will offer recognized brands and a capacity to to
brin g people together. The group has always been inventive and innovative and
is today devoting all its efforts to meeting its medium term objective: to
return the Television division's operations to break-even."
NRJ Group is pleased to announce that it will present the editorial project for
NRJ 12 and Chérie 25, at an investors' day which will be held on Friday 16,
January 2015 at the NRJ Group studios (in the 16th arrondissement of Paris).
Schedule:
- Next meeting: 4th quarter financial information on February 5, 2015
(after market);
- Publication of 2014 annual results: March 17, 2015 (after market).
- Vincent Broussard, 46 years old, started his career in the Communications
Department of the M6 Group in 1989. He went on to work for the Canal + Group as
the head of broadcasting for Canal + Horizons and Canal Jimmy before returning
to the M6 Group in 1993 as Deputy Dire ctor of Broadcasting at M6.
He then participated in the creation of Téva, Série Club, W9, and was appointed
Deputy General Director of M6 thématiques. In 2006 he became General Director
of TF6 and Série Club. From January 2011 to May 2012, he occupied the post of
Director of Broadcasting and Programs at France 4 and Dire ctor of Acquisitions
for the France Télévisions Group.
He was then appointed by Jean-François Lancellier Deputy General Director in
charge of programs, programming and broadcasting for the TF1 Group for the two
TNT channels: TMC and NT1.
** Unaudited figures
About NRJ GROUP
NRJ GROUP is one of the leading French private media groups and an international
player present in 13 other countries, either directly or under licensing
agreements with the NRJ/ENERGY brand, the number one international radio brand,
and/or NOSTALGIE/NOSTALGIA. In France, the Group is the private radio market
leader and one of the new players on the television market. The Group is also a
significant player on the radio broadcasting market, through its subsidiary
towerCast, number two on the French broadcasting market. NRJ GROUP is a
publisher, producer and broadcaster, and markets its own media spaces. For
several years, it has been supported by the strength of its radio media and its
NRJ, NOSTALGIE, CHERIE FM and RIRE & CHANSONS brands, as well as its marketing
expertise and commercial power for deploying new media, particularly in the
Television division, or new ways to access its media, principally the internet,
and related activities around partnerships in order to follow and anticipate
consumer developments, while offering a wider range of advertising services for
its clients.
NRG GROUP shares are listed on the Euronext in Paris (compartment B).
Codes - ISIN: FR00012169; Reuters: SONO.PA; Bloomberg: NRG FP.
NRJ GROUP - Financial Communications, 46-50 avenue Théophile Gautier
75016 Paris
www.nrjgroup.fr
NRJ GROUP, A public limited company with capital of EUR810,815.35 -
SIREN 332 036 128 RCS PARIS
Head office: 22 rue Boileau 75 016 Paris
Press contact : Finance contact :
Jean-Baptiste Froville Célia d'Everlange
Tel : + 33 1 58 47 95 39 Tel : + 33 1 40 71 78 05
jean-baptiste.froville@havasww.com cdeverlange@nrj.fr
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