Südostschweiz Medien posts positive result
Südostschweiz Medien in Chur ended the difficult year of 2009 with a slightly positive result. The Graubünden-based media company reported an annual profit of 300,000 francs.
The 2009 media year was characterized by declining advertising revenues, as the company announced on Wednesday. Turnover fell by CHF 5.1 million to CHF 127 million, while earnings before interest, taxes, depreciation and amortization (EBITA) fell by CHF 1.3 million to CHF 5.1 million. Südostschweiz Presse und Print and Südostschweiz Publicitas closed the year with an overall operating result that was CHF 3.4 million lower.
According to the company, last year was dominated by preparations for the new media building. The new building will be constructed in Chur and is expected to be occupied in mid-2012. It will be used to implement what is known as media convergence, the collaboration between print, online, radio and television. Over the past two years, the print business has also been concentrated in Chur, and the Samedan, Arosa, Maienfeld and Bonaduz branches have been closed. The magazine Terra Grischuna, a stake in Ergo Use Swiss and a medical magazine publisher with 26 employees were newly integrated into Südostschweiz Medien. The participation in the national online network News 1 was dissolved.
Südostschweiz Medien has been able to maintain employment at around 1,000 jobs for three years. Some of the old jobs have been lost. They have been compensated for by new jobs in the digital world.
According to the company, last year was dominated by preparations for the new media building. The new building will be constructed in Chur and is expected to be occupied in mid-2012. It will be used to implement what is known as media convergence, the collaboration between print, online, radio and television. Over the past two years, the print business has also been concentrated in Chur, and the Samedan, Arosa, Maienfeld and Bonaduz branches have been closed. The magazine Terra Grischuna, a stake in Ergo Use Swiss and a medical magazine publisher with 26 employees were newly integrated into Südostschweiz Medien. The participation in the national online network News 1 was dissolved.
Südostschweiz Medien has been able to maintain employment at around 1,000 jobs for three years. Some of the old jobs have been lost. They have been compensated for by new jobs in the digital world.
