The saucisson becomes fatter
Edipresse buys two Vaud regional newspapers from the Corbaz Group
"If I were Edipresse, I wouldn't even submit an application to the Competition Commission," sneered Jacques Richard, the delegate of the Board of Directors of the French publishing group Hersant, in an interview with dimanche.ch just two days before the surprising contract was signed between Edipresse and the Corbaz Group.
The background to his statement: Jacques Richard was so sure of himself that he announced in this interview that the Hersant publishing house, which had recently acquired the two Neuchâtel regional newspapers L'Impartial and L'Express, had made the publisher in Montreux an offer that he could hardly refuse.
But firstly, things turn out differently, and secondly, than you think. In the meantime, Jean-Paul Corbaz has sold the Corbaz family's entire share package to Edipresse and with it the two regional newspapers La Presse Riviera Chablais and La Presse Nord Vaudois. What is embarrassing for Richard is the not insignificant fact that Corbaz never received an offer from Hersant, as the latter confirmed to WerbeWoche.
The takeover of the Corbaz Group by Edipresse is all the more surprising as Corbaz declared in April that he was in no hurry at all to sell his company. His two sons were doing well in
company, and therefore there are no succession problems. In an interview with WerbeWoche (16/02), however, Pierre Lamunière sibylline declared that Edipresse would be happy to make an offer as soon as Corbaz in Montreux was up for sale.
Edipresse is considering a new station wagon for national customers
Lamunière has now acquired the objects of his desire - two other regional papers in Vaud - and only a negative decision by the Competition Commission (ComCo) could now put a spanner in the works. With the exception of La Côte - this regional newspaper was sold to Hersant last summer - the Competition Commission will determine that all titles in the canton of Vaud will belong to the Edipresse Group.
But the Edipresse patron is optimistic. When he recalls similar cases from the Swiss-German media industry that have recently been decided positively by the Competition Commission, he sees no reason why Edipresse's application should be judged negatively. Nor had Edipresse worked out an alternative strategy because it was actually certain of a favorable decision from Bern, Lamunière told WerbeWoche.
Pierre Lamunière wants La Presse Riviera Chablais and La Presse Nord Vaudois to continue to exist as regional newspapers, but wants to use the synergies with the large daily newspapers of Edipresse for the editorial content. In the advertising market, Edipresse could now offer an interesting combination for national advertising customers, which could pose a threat to the newspapers that are part of the Romandie Combi. Edipresse only obtained separate advertising acquisition for its titles from Publicitas at the beginning of this year.
Jean-Paul Corbaz has decided to sell his company because he sees no long-term growth prospects for it. In addition, future developments in the media industry, such as the advent of the Internet and electronic means of communication, would have required major investments in the near future. His company would not have been able to make these investments. The sale to Edipresse Verlag, with its extensive experience, know-how and not least its location in the canton of Vaud, was therefore the best solution for his company and therefore for the employees, Jean-Paul Corbaz said.
And if the Competition Commission should signal a Njet to Lausanne after all, Corbaz can still sell to the major publisher from neighboring France without any qualms of conscience.
Corrigendum
La Regione increasedIn this year's certification, the Ticino daily newspaper La Regione achieved a circulation of 32901 copies and not 32546 copies, as was reported in AdvertisingWeek number 14/02. Compared to the previous year, this represents growth of 1.2 percent for La Regione.
