Publishers donate one million to MAZ

Education The Media Training Center (MAZ) has been able to increase its endowment capital by over one million Swiss francs. 20 media companies as well as the SRG and the Swiss Press Association (VSP) have made contributions as part of a fundraising campaign, according to a press release. Further companies have pledged their support in the coming years. As the MAZ reported in May, the contributions from the SRG and VSP amounted to CHF 200,000 and CHF 1,800,000 respectively. When it was founded in 1984, the MAZ was endowed with capital of two million francs. Half of this is still available, the other half was used to cover earlier operating losses. The MAZ writes that the remaining capital is too small as a safeguard, as the current annual budget is over four million francs.