Dietschi and AZ Medien Plan to Strengthen Their Collaboration
Dietschi Druck und Medien Olten, publisher of the Oltner Tagblatt, and AZ Medien intend to strengthen their collaboration in the future, which until now has been limited to their partnership within the Mittelland Zeitung newspaper group.
In order to consolidate its independence in the long term and to be able to make upcoming investments in its print and online businesses, Dietschi will propose to its shareholders at the Annual General Meeting on June 19, 2012, increase AZ Medien’s stake from the current 11.67 percent to 33 percent through a share capital increase. The Oltan-based company aims to secure the independence of Dietschi’s flagship publication—the Oltner Tagblatt, which is firmly established with 40,000 readers—through long-term integration into the Mittelland Zeitung newspaper network (AZ combined circulation).
With AZ Medien AG’s stake increasing to 33 percent, a proposal will be made to Dietschi’s Annual General Meeting to elect Peter Wanner, publisher and Chairman of the Board of Directors of AZ Medien, to Dietschi’s Board of Directors.
