Jean Frey mutates into a holding company

The Zurich publishing group Jean Frey AG is adopting a new corporate structure. Following the sale of Weltwoche, the aim is to create optimal conditions for the future of the other publishing titles Beobachter, Bilanz and TV-Star. For this reason, the individual titles are to be given their own legal personality, Jean Frey announced on Thursday.
Filippo Leutenegger, Delegate of the Board of Directors and CEO, outlines the advantages in a press release: "Our securities are positioned independently. Their legal independence increases the entrepreneurial responsibility of the management. This will strengthen the earnings power of the securities."

TV-Star is already published by its own company, TR7 AG. Beobachter and Bilanz will now each have their own publishing company by spring 2007. It remains to be seen whether the titles will be able to assert themselves more flexibly and efficiently in the Swiss magazine market as intended.