20 Minuten takes a stake in Tio.ch
20 Minuten AG has acquired a 25.8 percent stake in TicinOnline SA. TicinOnline SA operates the news portal Tio.ch, which supplies Italian-speaking Switzerland with news from Ticino.
Since summer 2011, the commuter newspaper 20 minuti - the youngest member of the 20 Minuten media network - and Tio.ch have already been exchanging content in partnership. The takeover of half of Regiopress SA's stake in TicinOnline SA in the form of 25.8 percent by 20 Minuten AG is planned for September 2012, the media network writes in a statement. This will deepen the existing cooperation with Giacomo Salvioni, the publisher of the daily newspaper La Regione Ticino, which also holds a stake in Regiopress SA: The commuter newspaper 20 minuti is published by 20 minuti Ticino SA, which is owned equally by Giacomo Salvioni and 20 Minuten AG.
The participation is intended to strengthen the cross-language offering of the 20 Minuten media network. It will also enable national marketing in the digital sector, the statement continues. With a single booking, advertisers can reach users of the news platforms in German, French and Italian-speaking Switzerland.
The parties have agreed not to disclose details of the investment.
