TX GROUP AG Tamedia is taking over Basler Zeitung while selling a number of other interests to Zeitungshaus AG
Tamedia is taking over Basler Zeitung from Zeitungshaus AG, while, in return, selling its interests in the Tagblatt der Stadt Zürich and other freesheets to Zeitungshaus AG. The transactions are subject to the approval of the Swiss Federal Competition Commission.
Zurich, 18 April 2018 - With the purchase of Basler Zeitung, Tamedia is expanding its newspaper portfolio and continues to pursue its publishing strategy. The incorporation of Basler Zeitung into Tamedia's network will result in a strong regional editorial office. At the same time, the readers will continue to have a newspaper from Basel for Basel. After the takeover, Markus Somm will remain Editor-in-Chief of Basler Zeitung for another six months. Following a sabbatical, he will later join Tamedia as an author.
During the course of the second quarter 2018, Zeitungshaus AG, in turn, will take over Tamedia's 65 percent interest in the Tagblatt der Stadt Zürich AG. The new owner will continue to operate the Tagblatt with the current editorial team. At the same time, Tamedia is also selling the freesheets Furttaler and Rümlanger (currently both 100 per cent owned by Tamedia) to Zeitungshaus AG as well as its 50 per cent investment in both GHI and Lausanne Cités in the French-speaking part of Switzerland.
"The collaboration of Tamedia with Basler Zeitung concerning the advertising combination Metropool goes back to 1993. Basler Zeitung has deep roots in north-western Switzerland and is a perfect match for our daily newspapers in Bern und Zürich", says Pietro Supino, Publisher and Chairman of the Board of Directors of Tamedia. "This is why we had to seize this opportunity, even though the sale of the Tagblatt der Stadt Zürich in particular is very difficult for us."
The parties have agreed not to disclose the details of the sale. The transactions are subject to the approval of the Swiss Federal Competition Commission and any pre-emption rights that may be exercised.
Press conference Tamedia / Zeitungshaus AG (in German)
Date: Mittwoch, 18. April 2018
Start: 12:15 CET, Coffee and Sandwiches will be served
Location: Hotel Euler, Wienersaal, Centralbahnplatz 14, 4002 Basel
Dial-in number: +41 (0)58 310 50 00
Please dial in 10 minutes prior to the start time.
| Provider | Channel | Contact | ||
|---|---|---|---|---|
|
EQS Group Ltd., Switzerland switzerland.eqs.com |
newsbox.ch www.newsbox.ch |
Provider/Channel related enquiries cs.switzerland@eqs.com +41 41 763 00 50 |
