TV star belongs entirely to Jean Frey

The publishing house Jean Frey has bought back minority shares of Publigroupe and St. Galler Tagblatt AG totaling 38 percent of TR7 AG, as announced by Jean Frey. This makes Jean Frey the 100 percent owner of TR7 AG. "We have been thinking about taking over the shares for some time", Jean Frey CEO Filippo Leutenegger told Werbewoche. Because the other two shareholders were now willing to sell, the opportunity was seized. "The TV star generates a good return, so it is worthwhile for us to buy the shares," explained Leutenegger. The publishing house is satisfied with the relaunch of TR7 as TV-Star. "We have made good progress in terms of content and advertising. But it's a highly competitive market, so you can't fool yourself," said Leutenegger. As part of the reorganization of TR7's shareholders, René Hildbrand, the former editor-in-chief of the TV guide TV-Star, has been appointed Vice Chairman of the Board of Directors. He is relinquishing his position as Editor-in-Chief, but will continue to work as a journalist for TV-Star, according to a press release. In particular, he will oversee and be responsible for the TV-Star awards ceremony. The position of Editor-in-Chief will be newly filled. Gion Stecher, the deputy editor-in-chief, will manage the business on an interim basis.