AZ Medien generates profit in Corona year 2020
The media group AZ Medien achieved a solid result last year. Turnover amounted to 233 million francs. The bottom line was a profit of 10.1 million francs, as AZ Medien announced on Saturday. The Wanner publishing family also intends to buy back the AZ shares.
The Board of Directors attributes the results primarily to cost-cutting measures, short-time working compensation and emergency media aid from the federal government.
The conclusion of the news portal was pleasing Watson turned out well. It was able to massively increase its advertising income and is in the black for the first time, according to a report by the Switzerland at the weekend continues. Watson has also been present in French-speaking Switzerland since March 1.
In view of the pandemic and the challenging situation, the Board of Directors has decided not to distribute a dividend for the 2020 financial year.
Publishing family wants to buy back shares
At the same time, the Wanner publishing family announced in a press release that it intends to acquire 100 percent of AZ Medien. They will submit a takeover bid to the minority shareholders. The Wanner family currently holds a good 90 percent of AZ Medien. (SDA)
