ONZ closes first financial year better than budgeted
The Obwalden and Nidwalden newspaper ONZ has got off to a good start. At the end of May, the new newspaper had 3,010 subscribers and more than 25,000 readers who access information on the Internet. on the Internet.
After a slow start, advertising revenues have grown strongly in recent months, according to a press release issued on Wednesday. The Board of Directors of ONZ is confident that the young media company will be profitable in two years' time.
ONZ closed its first financial year on December 31, 2010 with a loss of CHF 1,478,000, the press release continues. This result is around 700,000 francs better than originally budgeted. The result was achieved thanks to two significant savings: Printing and distribution costs were lower than expected and personnel expenses were also lower than budgeted. The lower expenditure was also significantly influenced by the shorter operational activity of ONZ, which lasted eight months in the first financial year instead of twelve months as budgeted.
According to the press release, ONZ's advertising income is showing a clear upward trend. At the end of the first financial year on December 31, advertising revenue was lower than expected at CHF 704,000. In the first four months of the current year, the targets have already been achieved with 492,000 francs.
Subscription target not achieved in first financial year
At the end of December 2010, 2,131 subscribers received the ONZ printout in their letterboxes every Tuesday and Friday. This means that the subscription target for the first financial year was not reached, as the statement continues. A strong upward trend has been noticeable since the beginning of the year. ONZ gained almost 900 new subscribers within five months. This has exceeded the expectations of ONZ managers. At the end of May, 3010 readers had subscribed to ONZ. The online edition is read by an average of 25,000 unique clients per month. This means that a third of the population in the Nidwalden and Obwalden market area, with around 75,000 inhabitants, already reads ONZ online. Online readers generate over 300,000 page impressions per month. This also includes access from smartphones and tablet PCs.







