M6 group: slight drop in turnover to €307.4m despite rise in advertising revenues in Q1 2015

The M6 group had a total turnover of €307.4m in the first quarter of 2015, ending on 31/03/2015, a slight drop of 1.5% compared to the first quarter of 2014 (€312.3m) despite a modest rise of 0.9% in advertising revenue up to €191.9m, said the French broadcasting group on 28/04/2015.

The net drop in non-advertising revenues (-5.4%, from €122.2m to €115.5m) reflects "unfavorable base effects regarding the activities of distribution of audiovisual rights, tele-shopping and Girondins de Bordeaux" said the group. Revenues from M6 Web are at €24.9m, up 13%, following the acquisition of the 100% of the shares of the website operator Oxygem in January 2015 100% and the "strong performance" in video advertising.

The M6 group has been the majority owner of FC Girondins de Bordeaux (Ligue 1) since 1999.

• The current recorded operating income on 31/03/2015 was €39.7m, stable compared to the previous year (€39.1m on 31/03/2014).

Television

• The group's free channels (M6, W9, 6ter) recorded an average…