The publishing house Espace Media Groupe is taking over 100 percent of Bund Verlag, which publishes the Bernese daily newspaper Bund. According to a statement from Espace, the change in ownership comes about as a result of the NZZ subsidiary Freie Presse Holding selling its 40 percent stake. It is thus exercising its contractually agreed put option. In the press release, Espace Media Groupe regrets the withdrawal of Freie Presse Holding from Bund Verlag. Espace Media will exercise its right to purchase the 20 percent of the share capital held by Publigroupe and thus acquire 100 percent of Bund Verlag.
At the same time, the resignation of Councillor of States Hans Lauri as Chairman of the Board of Directors of Bund Verlag was announced. Charles von Graffenried, former member of the Board of Directors, will take over as Chairman.
In a press release, Freie Presse Holding justifies its sale by stating that the forthcoming takeover of Espace Media by Tamedia will result in changes.
The successful further development of the "Bern model" is strongly influenced by Tamedia's activities in the regional markets. As an example, Freie Presse Holding cites the announcement to further increase the circulation of 20 Minuten in Berne and to launch another newspaper in the major metropolitan areas. By ceding its stake, the NZZ subsidiary wants to enable Tamedia to integrate the two-title model into its overall strategy.
Espace emphasizes that the "Bern model" with the two newspapers Berner Zeitung (BZ) and Bund will be continued under the same economic and journalistic criteria within the framework of the new shareholder structure. The operational management of Bund Verlag, which was already the sole responsibility of Espace Media Groupe, will not change.
For its part, Freie Presse Holding emphasizes that the coexistence of the two newspapers has worked well in the Bernese market after great efforts. In the press release, however, it does not miss the opportunity to remind Tamedia of its promises: "FPH hopes that Tamedia, as it communicated in the media information on the takeover of Espace Media, will give the "Bern model" and thus also the Bund a firm place in its strategic orientation."
Espace Media was acquired by Tamedia in May. The purchase is still pending with the Competition Commission.