News: Level maintained
Despite the slump in the advertising market, LZ Medien Holding managed to keep its consolidated revenue in 2001 at 134.9 million Swiss francs, nearly matching the previous year's level (135.5).
Despite the downturn in the advertising market, LZ Medien Holding's consolidated sales of 134.9 million francs in 2001 remained almost at the previous year's level (135.5).
Group profit fell by 11.9 percent to CHF 8.9 million. Neue Luzerner Zeitung AG contributed CHF 110.7 million to Group sales. Of this, CHF 65.5 million is attributable to advertising revenue, which fell by 6.6 percent.
SMD open for money From April 3, the Swiss Media Database (SMD) will be accessible to all paying customers. The SMD was founded in 1996 by Ringier, SRG and Tamedia as an internal press service. The company is now launching the online service www.swissdox .ch, which compiles press reviews and allows searches in the SMD archive. The basic monthly fee for using Swissdox.ch is CHF 60. An additional CHF 3.80 is charged for articles that are displayed in full text.
Pixelpark Schwarz The German Internet service provider Pixelpark has confirmed the expected hole in its cash flow: With revenues of 81.3 million euros, Pixelpark posted a loss of 20.2 million euros before interest, taxes, depreciation and amortization (EBITDA). The consolidated net loss amounted to 86 million euros. In contrast, the Swiss subsidiary closed the year with a positive result. It contributed 21.7 million euros (around 32 million Swiss francs) to Group turnover and achieved EBITDA of 0.9 million euros.
NTL almost bankrupt The British cable network company NTL, parent company of Cablecom, is teetering on the brink of insolvency. NTL achieved a positive operating result of 708.3 million dollars (EBITDA). However, the company is paying 1.2 billion dollars a year in interest on debt and incurred a record loss of around 16 billion dollars in 2001 due to the devaluation of its shares. NTL is now negotiating with its main creditors to convert 11.5 billion dollars of debt into new shares.
Group profit fell by 11.9 percent to CHF 8.9 million. Neue Luzerner Zeitung AG contributed CHF 110.7 million to Group sales. Of this, CHF 65.5 million is attributable to advertising revenue, which fell by 6.6 percent.
SMD open for money From April 3, the Swiss Media Database (SMD) will be accessible to all paying customers. The SMD was founded in 1996 by Ringier, SRG and Tamedia as an internal press service. The company is now launching the online service www.swissdox .ch, which compiles press reviews and allows searches in the SMD archive. The basic monthly fee for using Swissdox.ch is CHF 60. An additional CHF 3.80 is charged for articles that are displayed in full text.
Pixelpark Schwarz The German Internet service provider Pixelpark has confirmed the expected hole in its cash flow: With revenues of 81.3 million euros, Pixelpark posted a loss of 20.2 million euros before interest, taxes, depreciation and amortization (EBITDA). The consolidated net loss amounted to 86 million euros. In contrast, the Swiss subsidiary closed the year with a positive result. It contributed 21.7 million euros (around 32 million Swiss francs) to Group turnover and achieved EBITDA of 0.9 million euros.
NTL almost bankrupt The British cable network company NTL, parent company of Cablecom, is teetering on the brink of insolvency. NTL achieved a positive operating result of 708.3 million dollars (EBITDA). However, the company is paying 1.2 billion dollars a year in interest on debt and incurred a record loss of around 16 billion dollars in 2001 due to the devaluation of its shares. NTL is now negotiating with its main creditors to convert 11.5 billion dollars of debt into new shares.
