Ringier: Management buyout of Cicero and Monopol in Germany
Ringier is divesting itself of Cicero and Monopol in Germany: Cicero Editor-in-Chief Christoph Schwennicke and Alexander Marguier, Deputy Editor-in-Chief of Cicero, will take over the two publications as part of a management buyout effective May 1, 2016.
Since the founding of Cicero twelve years ago and the subsequent acquisition of Monopol in 2006, Ringier's small publishing unit in Germany has failed to operate profitably, the media company wrote in a statement Wednesday.

Various options for a fundamental realignment of the two quality titles were therefore examined. A solution was found with the handover of Cicero and Monopol to the Cicero management crew. Editor-in-Chief Christoph Schwennicke and his Deputy Editor-in-Chief Alexander Marguier will take over the two magazines and the assets associated with their operation as of May 1, 2016, and transfer them to their newly founded Res Publica Verlags GmbH with initial financial support from Ringier. The declared goal is to consolidate both titles - in print and online - financially in the medium term and to lead them into a successful future in the long term.

Holger Liebs, Editor-in-Chief of Monopol, and Anne Sasse, Co-Managing Director of Ringier Publishing in Germany, are leaving the company to pursue a new direction. Co-Managing Director Thorsten Thierhoff will support the new company in the operational publishing business until 2017.
The audience advertising business of the two magazines will be transferred to the service provider IQ Media Marketing in Düsseldorf as of February 18, 2016. By exploiting synergies in marketing and in conjunction with lower costs at the same time, the advertising business is to be made more profitable. The art market for Monopol from Berlin will continue to be operated independently. The outsourcing will lead to several redundancies in the advertising department in Munich and in Berlin.
Jobs will also be cut in the editorial departments. The staff reductions are still the responsibility of the previous shareholder Ringier. According to the announcement, Ringier will endeavor to cushion these redundancies socially with fair severance offers. Ringier CEO Marc Walder: "Selling or even discontinuing the two titles would certainly have been more cost-effective - but it would also have been a solution without imagination or journalistic heart. I am therefore very pleased about this path now taken; it secures the long-term existence of these high-quality products in the accustomed journalistic quality."




















