FRANCE: EUROPE 2 RETURNS AFTER FIFTEEN YEARS

EUROPE 2 RETURNS AFTER FIFTEEN YEARS
Now Europe 2 will return to “reaffirm its original mission: to nurture the link between artists and audiences, through its musical offer aimed at adults and young adults, by investing heavily in musical events and promoting live sessions”
Source

From January 2023, Europe 2 will return on Virgin Radio‘s 243 frequencies: this is one of the changes envisaged by the reorganisation of the Lagardère Group (of which the Europe 1 and RFM radio networks are also part) announced in June 2022 when Vivendi took control. Europe 2 is a historic brand, which had given way to Virgin Radio in January 2008, after 20 years in business. The agreement with Virgin, which covered frequencies in France, Belgium, Switzerland, Andorra and Monaco, had been signed in December 2007 by Sir Richard Branson, who had appeared on the Champs-Elysées dressed as Father Christmas for the occasion. Originally Europe 2 was a programme distributed to broadcasters. It became a network but left room for local programmes. Now, for Arnaud Lagardère, President and CEO of the group, and Constance Benqué, who heads the news hub, Europe 2 will return to its original mission: to connect audiences and artists. (Written by Fabrizio Carnevalini)

FRANCE: REORGANISATION OF LAGARDÈRE NETWORKS

Changes are in the offing for the radio stations of the Lagardère group: a reorganisation has been announced that will reshape the ownership and governance of Europe 1, RFM and Virgin Radio
Source

The French group Vivendi takes another step towards control of the Lagardère group. At the end of the takeover bid (which was reopened from 29 May to 7 June 2022), Vincent Bolloré’s group reached 57.35% of the capital. The decision of the Autorité de la Concurrence is now awaited, which will have to pronounce on the 47.33% of voting rights that Vivendi acquired with the takeover bid (it currently holds 22.45%). In the meantime, the group has announced its intention to restructure the ownership and governance of the radio pole, which includes the three national networks Europe 1, RFM and Virgin Radio. The operation will have to be financially neutral, and (as ‘Les Echos’ writes) the activities could be brought together in a limited partnership in which the limited partners would be companies of the Lagardère group and the general partner Arnaud Lagardère.

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