Lagardère's Q1 Publishing Revenues Down, E-book Sales Up
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Lagardère's overall profitability remains stable, with other divisions (notably Lagardère Active and Lagardère Unlimited) delivering good results, and the publishing division seeing continued growth in eBook revenue. The outlook for 2011, according to the press release, is positive for Lagardère Publishing, predicting continued growth in eBook sales at HBG to 15-20% of revenues. EBooks could account for 5-10% of revenues in the UK this year.
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