Vivendi boss Vincent Bolloré has given a very rare interview to French business newspaper Les Echos, and makes it clear that the Canal Plus premium channel can be saved and was a priority for Vivendi. He said: “Canal Plus will be fixed provided our current agreement with (beIN Sport) is accepted and efficiency measures (within the channel and Group) are implemented.”
According to equity analysts at Exane/BNP-Paribas, he then amplified his views, saying: “Canal went through a reckoning phase last year, then a new team was put in place, and we know which direction to take. It will be a long term process, but the worst is behind.”
Bolloré then listed his objectives, saying:
Bolloré confirmed last week’s report that news channel i>Télé is not for sale.