FAZ posts loss in 2009 - fewer ads, higher circulation
The Frankfurter Allgemeine Zeitung (FAZ) reported a loss of 19.8 million euros in 2009. The slump in the job market has been particularly hard on the long-established newspaper. In contrast, circulation figures for both the FAZ and the Frankfurter Allgemeine Sonntagszeitung (FAS) have risen.
The savings program initiated in 2009 should now contribute to an improvement this year. In addition, Managing Directors Tobias Trevisan and Roland Gerschermann are expecting higher sales revenues in view of the growing sales trend, particularly of FAS. In order to cope with the structural change, the online offering Faz.net is also to be expanded and developed "into a profitable online business" as a third pillar. According to industry service Horizont, FAZ intends to concentrate primarily on themed portals such as FAZfinance.net.
