NZZ Group and Publigroupe postpone investments in regional media
Publigroupe is transferring its 25 percent stake in the publisher of the St. Galler Tagblatt, as well as its 10.7 percent stake in LZ Medien Holding, to FPH. For its part, the NZZ Group is transferring its 50.8 percent stake in LZ Medien Holding to its subsidiary FPH.
The NZZ Group and Publigroupe are strengthening their cooperation in two regional media. The aim is to strengthen the NZZ subsidiary FPH Freie Presse Holding (FPH), according to a joint press release. Publigroupe is transferring its 25 percent stake in the publisher of the St. Galler Tagblatt and its 10.7 percent stake in LZ Medien Holding to FPH. Among other things, LZ Medien Holding publishes the Neue Luzerner Zeitung. For its part, the NZZ Group is transferring its 50.8 percent stake in LZ Medien Holding to its subsidiary FPH. The NZZ subsidiary will therefore now hold 95.1 percent of St. Galler Tagblatt AG and 61.5 percent of LZ Medien Holding. As part of this share transfer, Publigroupe is also increasing its stake in FPH, as it last did in March (see
). It will increase its minority stake by 2.9 percent to 25.1 percent, while the NZZ Group will retain a majority stake of 74.9 percent in FPH. With their cooperation in FPH, the two groups want to "make a significant contribution to maintaining a strong regional media landscape in German-speaking Switzerland and to promoting journalistic diversity", as the communiqué continues.
). It will increase its minority stake by 2.9 percent to 25.1 percent, while the NZZ Group will retain a majority stake of 74.9 percent in FPH. With their cooperation in FPH, the two groups want to "make a significant contribution to maintaining a strong regional media landscape in German-speaking Switzerland and to promoting journalistic diversity", as the communiqué continues.
