Lagardere, a European media conglomerate that owns local radio brands "RFM" and "Virgin Radio" in France, is looking to close some unprofitable local stations and centralize operations in Paris. This would change Category C local stations, which have local studios and staff, to Category D stations that operate nationally from one central studio. Lagardere presented plans to close unprofitable local stations to French media regulators and unions, though no final decisions have been made. Competitor RTL, France's top radio station, has also seen advertising revenues drop and plans restructuring to cut costs by 20 million euros over three years.