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Consolidation, management changes, and potential sales and acquisitions are expected to follow reorganization and restructuring at consumer publisher Hachette Filipacchi.
Last week, Didier Quillot, former chief of telecom giant Orange France, was named chairman of both Hachette Filipacchi and Lagardère Active, MediaPost reports. Quillot is expected to consolidate and coordinate their print and digital media strategies.
Arnaud Lagardère has tabled up to $5 billion to make major acquisitions in the U.S. print and Internet sectors. Hachette Filipacchialready reaches an audience of about 50 million in the U.S. alone through magazines, including Car and Driver, American Photo, Boating, Flying, Elle and Premiere.
Quillot may also sell some Hachette properties, and has already begun firing executives from businesses slated for the auction block.
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