News: Tamedia earnings down 8 percent
In 2001, the operating revenues of the Zurich-based media group Tamedia fell by 8 percent to 754 million francs.
In 2001, the operating income of the Zurich media group Tamedia fell by 8 percent to 754 million Swiss francs.News Tamedia income falls by 8 percent
The Print Media division suffered a decline in sales of 9 per cent to CHF 647 million. With a minus of 4 per cent, the decline in the Services division was somewhat less pronounced, where Tamedia achieved sales of CHF 79 million. Electronic media recorded growth of 19 per cent, with revenues rising from CHF 23 million to CHF 28 million. According to Tamedia, the main reason for the decline in the print sector was the fall in job advertisements. However, orders for commercial advertisements also decreased in 2001. In electronic media, the acquisition of the Belcom Group was responsible for the marked increase in sales. In the Services division, printing revenues decreased; the acquisition of the book service had a positive effect. Detailed information on the 2001 financial year will be published on April 23.
Dispute in Neuchâtel The minority shareholders of the Neuchâtel daily newspapers L'Impartial and L'Express, PubliGroupe and publisher Marc Gassmann, want to take legal action against the planned sale of the newspapers to the French publisher Hersant by majority shareholder Fabien Wolfrath. Wolfrath refuses to grant them the right of first refusal. No agreement could be reached at a meeting of the two shareholder groups, Georges von Csernatony, Planning Director of Publi-Groupe, told SDA. Publi-Groupe and Gassmann now want to go to court "as quickly as possible".
The Print Media division suffered a decline in sales of 9 per cent to CHF 647 million. With a minus of 4 per cent, the decline in the Services division was somewhat less pronounced, where Tamedia achieved sales of CHF 79 million. Electronic media recorded growth of 19 per cent, with revenues rising from CHF 23 million to CHF 28 million. According to Tamedia, the main reason for the decline in the print sector was the fall in job advertisements. However, orders for commercial advertisements also decreased in 2001. In electronic media, the acquisition of the Belcom Group was responsible for the marked increase in sales. In the Services division, printing revenues decreased; the acquisition of the book service had a positive effect. Detailed information on the 2001 financial year will be published on April 23.
Dispute in Neuchâtel The minority shareholders of the Neuchâtel daily newspapers L'Impartial and L'Express, PubliGroupe and publisher Marc Gassmann, want to take legal action against the planned sale of the newspapers to the French publisher Hersant by majority shareholder Fabien Wolfrath. Wolfrath refuses to grant them the right of first refusal. No agreement could be reached at a meeting of the two shareholder groups, Georges von Csernatony, Planning Director of Publi-Groupe, told SDA. Publi-Groupe and Gassmann now want to go to court "as quickly as possible".
