MediaBuyerPlanner: The media division of Hachette Filipacchi’s owner, Lagardere SCA, has announced that it will be cutting hundreds of jobs, or about 7 to 10 percent of its media positions.
The cuts will likely affect the French staff of publications such as Elle, Marie Claire and Car and Driver, writes MediaPost.
It remains unclear whether personnel cuts are planned at the company’s American operations. Owner Arnaud Lagardere is determined to expand the presence of Hachette Filipacchi in America and Britain with big acquisitions, according to the article.
Hachette Filipacchi’s American operation, under president Jack Kliger, is the country’s fourth-largest magazine publisher, as ranked by TNS Media Intelligence. It falls behind Time Inc., Conde Nast and Hearst.
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- ‘Car and Driver’ Revamps, Moves Print Features Online
- Big Changes at Hachette
- MPA’s Kliger: Embrace Public Place Copies, Engaged Readership
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