Flop of the week: Free newspaper .ch is discontinued
Publication of the free newspaper .ch has been suspended effective immediately; the last issue was published on Monday, May 4. The Board of Directors of Punkt ch AG made this decision following an in-depth discussion of the very difficult economic environment and the uncertain outlook.
Publication of the free newspaper .ch has been discontinued with immediate effect, with the last issue appearing on Monday, May 4. This decision was taken by the Board of Directors of Punkt ch AG after intensive discussions about the very difficult economic environment and the uncertain outlook. The extent of the recessionary development was not foreseeable during the relaunch in October 2008. According to the press release. In view of the severity of the economic crisis and the uncertainty about its duration, the Board of Directors no longer considers it realistic that .ch will reach the profit zone by the end of 2011 as planned. Investors would now have to inject sums in the high double-digit millions. They are not prepared to do this, Buob told SDA. The decision to definitively discontinue .ch is now subject to the participation rights of employees, who can make suggestions to save the newspaper. The closure affects 69 employees. A total of 61 jobs will be cut. The free newspaper .ch, which is one hundred percent financed by advertising, was first published in mid-September 2007.
