Changes in M6 Group's Segment Reporting
April 11 2014 - 1:00AM
Business Wire
Regulatory News:
In recent years, M6 Group (Paris:MMT) has adapted its
operational organisation according to the markets in which it has
various activities:
- TV broadcasting, by strengthening the
pooling between the Group's different channels (acquisitions,
technical, broadcasting, etc.);
- production and distribution of
audiovisual rights, to reinforce the Group's access to
content;
- diversification, by means of which the
Group has innovated and developed complementary activities that use
TV media.
Since 1 January 2014, the Group has modified the structure of
its financial and operational reporting, and consequently its
segment reporting under IFRS 8 - Operating segments – will change
from the publication of the 1st quarter 2014 communication. From
now onwards, the Group will publish information on 3 segments:
- Television (free channels – M6,
W9 and 6ter – and pay channels – Paris Première, Téva, etc.);
- Production and Audiovisual
Rights (production and audiovisual right distribution
activities);
- Diversification (distance
selling, internet activities, Interactions division and Girondins
de Bordeaux football club).
Furthermore, and for the record, the scope of the Group's
consolidation was changed on 1 January 2014 by two important
transactions:
- the deconsolidation of the operating
profit of Mistergooddeal (IFRS 5), whose transfer to DARTY was
finalised on 31 March 2014;
- the application, as of 1 January, of
IFRS 11 - Joint arrangements (joint ventures in which the Group
holds an equity interest, previously consolidated on a proportional
integration basis, are now equity-accounted).
In order to facilitate comparability of 2014/2013 performance,
the 2013 pro forma data is available on the Group's website at
http://www.groupem6.fr/finances/.
The first quarter 2014 financial information will be released 5
May 2014 before start of trading.
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M6 Métropole Télévision is listed on Euronext
Paris, Compartment A.Ticker MMT, ISIN Code: FR0000053225 -
www.groupem6.fr
M6 Métropole TélévisionINVESTOR RELATIONSEric Ghestemme,
Tel +33 1 41 92 59 53eghestemme@m6.frorPRESS CONTACTYann de
Kersauson, Tel +33 1 41 92 73
50ydekersauson@m6.frorwww.groupem6.fr
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