Ringier sells all TV program guides
What had already been rumored has now been confirmed: The Ringier media group is divesting itself of all its TV program guides. The Swiss titles, such as *Tele*, are being sold to the German publisher Axel Springer Verlag, while the foreign titles are going to Heinrich Bauer Verlag, also based in Germany.
What had already been rumored has now been confirmed: The Ringier media company is divesting itself of all its TV program guides. The Swiss titles such as Tele will be sold to the German Axel Springer Verlag, while the foreign titles will go to the German Heinrich Bauer Verlag. The reason for the sale is strategic considerations, as Ringier announced on Wednesday. Only large providers could play a leading role in this business due to increasing industrialization and electronic competition.
Jean Frey, a member of the Axel Springer Group, is buying the German-language TV program guides Tele, TV4 and TV2 from Ringier as of July 1, 2007. According to Jean Frey's press release, the 25 employees will be taken over by the publishing house and the editorial offices of the TV program guides concerned are expected to move to the new headquarters of Axel Springer's Swiss publishing groups in Zurich's Förrlibuckstrasse at the end of August. With these newly acquired titles, as well as the weekly magazine TV-Star and the Swiss edition of TV Digital already published by Jean Frey, Axel Springer Publishing now publishes a total of five TV magazines in Switzerland.
The Ringier titles in Romania, Slovakia and the Czech Republic will go to Heinrich Bauer Verlag. The TV supplements in Ringier newspapers and magazines are not affected by the sale.
Jean Frey, a member of the Axel Springer Group, is buying the German-language TV program guides Tele, TV4 and TV2 from Ringier as of July 1, 2007. According to Jean Frey's press release, the 25 employees will be taken over by the publishing house and the editorial offices of the TV program guides concerned are expected to move to the new headquarters of Axel Springer's Swiss publishing groups in Zurich's Förrlibuckstrasse at the end of August. With these newly acquired titles, as well as the weekly magazine TV-Star and the Swiss edition of TV Digital already published by Jean Frey, Axel Springer Publishing now publishes a total of five TV magazines in Switzerland.
The Ringier titles in Romania, Slovakia and the Czech Republic will go to Heinrich Bauer Verlag. The TV supplements in Ringier newspapers and magazines are not affected by the sale.
