Tamedia with significant decline in sales
Tamedia reported a significant decline in revenue in 2009. The media company attributes this almost exclusively to lower advertising revenue. Advertising revenue fell by 21.7 percent in 2009 to 410.8 million Swiss francs (previous year: 524.4 million Swiss francs).
There were significant losses for the regional daily newspapers. Sales fell by 18.6 percent to CHF 491.5 million. The decline is primarily due to the high sales losses of Berner Zeitung, Sonntagszeitung and the Tages-Anzeiger job supplements. The cost-cutting measures taken in the course of the year only took effect at the end of 2009.
However, thanks to the positive development of the magazines and online media as well as various cost-cutting measures, Tamedia achieved a satisfactory result last year, the Group announced. The Magazines division closed the past year with a 6.8 percent lower turnover of CHF 93.9 million. However, thanks to stable sales at Annabelle and the specialist media Agrar and a positive earnings trend at Schweizer Familie, the operating result rose by 3.2 percent to CHF 11.8 million despite investments in 20 Minuten Friday.
Electronic media sales increased by 8.7% year-on-year to CHF 91.2 million. While revenue from radio and TV activities declined, online revenue increased significantly, in particular due to the growth of 20minuten.ch, Homegate.ch and Newsnetz as well as the acquisition of Search.ch.
Despite a slight economic recovery, Tamedia expects advertising revenues in the newspaper and magazine media categories to decline in the current year. The company does not expect an actual turnaround until the end of the year or the following year. imp







