Tamedia with profit jump in 2010
On Tuesday, Tamedia provided an update not only on its new corporate structure but also on the past fiscal year. The media company increased its revenue to 806 million Swiss francs in 2010 and reported a sharp rise in profits. Tamedia’s growth was driven primarily by the newly acquired daily newspapers Zürcher Unterländer and Zürichsee-Zeitung.
Profit climbed by 137.3 percent to CHF 110.8 million. Sales of the Tamedia Group rose by 7.6 percent to CHF 806.3 million. The operating result at EBIT level increased by 121.5 percent to CHF 112.4 million, the corresponding margin improved from 6.8 percent to 13.9 percent. All divisions were in the black at EBIT level.
Edipresse reduces losses - merger with Tamedia already in 2011
The positive sales development is primarily due to the first-time inclusion of the regional newspapers Zürcher Unterländer and Zürichsee-Zeitung, the commuter newspapers 20 Minuten and 20 Minutes, the Jobup job platforms and the Search.ch platform acquired at the beginning of 2010, Tamedia writes in a communiqué. The Electronic Media division grew by 23.6 percent. Magazines, in particular 20 Minuten Friday and Schweizer Familie, have also become an important source of income thanks to their high profitability.
Based on the economic forecasts of the State Secretariat for Economic Affairs (Seco), Tamedia expects moderate growth in advertising investments and rising sales of job advertisements over the course of the year.
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Tamedia examines sale of radio and TV stations
