LZ Fachverlag buys electronics magazine Elforum
Effective January 1, 2008, LZ Fachverlag will acquire Diagonal Verlag in Mellingen and, with it, its print publication, Elforum. Klaus Bucher, the publisher’s founder, who is about to retire, hopes this move will ensure the survival of his newspaper.
On January 1, 2008, LZ Fachverlag takes over Diagonal Verlag in Mellingen and with it its print product Elforum, a monthly trade journal in the field of electronics and electrical engineering. Company founder and sole shareholder Klaus Bucher is selling Diagonal Verlag because he wants to secure its future before he retires. He is convinced that in LZ Fachverlag he has found the ideal partner for the successful continuation of his trade journal, as was reported in a press release on Tuesday. The merger will take legal effect on January 1, 2008. Elforum, which has been on the market for several years, will in future be produced by Multicolor Print, which, like LZ Fachverlag, is a subsidiary of LZ Medien Holding. The merger will not result in any personnel changes. The core editorial team headed by Klaus Bucher will remain responsible for the publication of Elforum at the Mellingen site.
LZ Medien Holding AG, which also owns the Neue Luzerner Zeitung, currently has 519 employees who share 429 jobs. It achieved a turnover of 138.5 million francs in 2006. Diagonal Verlags AG employs five people. The magazine Elforum has a certified circulation of 13,300 copies.
LZ Medien Holding AG, which also owns the Neue Luzerner Zeitung, currently has 519 employees who share 429 jobs. It achieved a turnover of 138.5 million francs in 2006. Diagonal Verlags AG employs five people. The magazine Elforum has a certified circulation of 13,300 copies.
