Basel Foundation participates in Watson launch in French-speaking Switzerland
The Basel-based "Foundation for Media Diversity" is contributing financially to the launch of Watson in French-speaking Switzerland. It has granted the news portal a loan of CHF 2.5 million so that it can launch in French-speaking Switzerland in March.

This amount covered half of the funds required for the start-up phase. The other half will be covered by AZ Medien, the owner of Watson, according to a press release issued by AZ Medien on Friday.
For Andreas Miescher, President of the "Foundation for Media Diversity", the arrival of Watson in French-speaking Switzerland "will help to decisively strengthen media diversity and plurality of opinion and thus strengthen the democratic debate in this part of the country". He is quoted with these words in the press release.
AZ Medien, for its part, welcomed the agreement. The publisher also noted that it remains open to working with investors from French-speaking Switzerland "to anchor Watson even more firmly in the region".
Under the leadership of Editor-in-Chief Sandra Jean, around 20 journalists will be working from Lausanne from March. The news portal will be linked to the sites of the Tamedia Group (20 minutes and Le Matin), but also compete with the Blick.ch portal.
Just over a week ago, the Blick Group announced its intention to launch the French-speaking Swiss equivalent of the Blick.ch news portal next year. An editorial team of around 20 journalists is to be set up in Lausanne for this purpose. (SDA)














