April 15, 2019 / 5:41 AM / 4 days ago

Vivendi Q1 sales jump; makes progress on UMG stake sale

PARIS, April 15 (Reuters) - French media conglomerate Vivendi posted higher first-quarter revenue on Monday, and said it was making progress on the planned sale of up to 50 percent of its UMG music arm.

First-quarter sales rose 10.7 percent from last year to 3.46 billion euros ($3.91 billion), helped by growth at UMG and by its recent acquisition of the Editis publishing business.

$1 = 0.8843 euros Reporting by Sudip Kar-Gupta, Editing by Sherry Jacob-Phillips

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