Profit on Werdstrasse

Group figures The operating result
Tamedia's results were again pleasing, following the positive annual financial statements for 2004.
the Zurich media house Tamedia continues the pleasing development in the
in the first half of 2005. Operating income increased by 14.3 percent to
321 million francs. The operating result (EBIT) increased
by a disproportionately high 131 percent to CHF 50.9 million. The four
Group divisions all report positive EBIT for the first time. The
Consolidated net profit rose from 17.9 million to 41.8 million
Francs.
The operating revenues of the newspapers rose by 28.4 percent to 221.8
million francs. The cost of launching the Car4you newspaper
and for the first regional edition of the Tages-Anzeiger thanks to the
20 minutes for the first time and the positive development of the
Kadermarkt Alpha, the magazine and the SonntagsZeitung clearly
were more than compensated for. The operating result in the Newspapers division rose
by around half to CHF 37 million.
Due to the sale of the children's magazine Spick, sales at the
magazines fell by 6 percent to 44.1 million francs. The
The advertising market in this segment remains difficult. EBIT was able to
remained clearly in the black, but fell by around
a third to 2.4 million francs.

Electronic turnaround
The electronic media show an encouraging tendency not to
lastly thanks to TeleZüri. Although the sale of Condor was a
This caused sales to fall by CHF 2.2 million to CHF 25.5 million,
EBIT climbed out of the red to CHF 2.9 million
(previous year -5.6 million).
Despite the sale of Regor and the Werd
Verlag maintained its turnover of 101.5 million. This is primarily due to
to the higher sales and better capacity utilization in the
Bubenberg printing center.
Tamedia does not expect a significant increase in sales in the second half of the year.
sales, in view of the persistently low level of advertising expenditure
and the only marginal recovery in the job advertising business. The
However, the positive trend in operating profit should continue in the second
The trend will continue in the second half of the year.