Flops of the week
This Week's Flops: Publigroupe's Losses and the Appenzell Boycott Fiasco.
In the past financial year, the loss amounted to CHF 20.9 million. In the previous year, the loss amounted to 42.1 million francs. Turnover fell by almost a quarter to CHF 1.6 billion. In its communiqué, the advertising marketer attributes the lower turnover in particular to the decline in the print advertising markets. The Group's operating loss fell from CHF 40 million to CHF 4.5 million. This was the result of massive cost savings and the positive development of some business segments. A moderate improvement in results is expected for the current financial year, the press release continues. Costs are to be reduced by a further CHF 38 million. The company had already cut costs by CHF 55.1 million in 2009. The top management body is to be expanded. Kjell Aamot and Andreas M. Schönenberger have been proposed for election. Aamot was President and CEO of the international media group Schibsted ASA from 1989 to 2009. Andreas M. Schönenberger was responsible for the Swiss market as Country Manager at Google.
Appenzell boycott posse
The Innerrhoden government is dissatisfied with the reporting of the Appenzeller Zeitung. The President of the Innerrhoden Grand Council, Ruedi Eberle (SVP), thinks it is right that the government's Ethics Committee is setting an example by boycotting the Appenzeller Zeitung and stopping the publication of information. The reason for this is the commission's dissatisfaction with the reporting. Eberle told SDA that the Appenzeller Zeitung had portrayed them as backwoodsmen. The editorial team had clearly gone too far with its reporting on tourism marketing, the trial in the case of the dismissed public prosecutor and the associated criticism of members of the Ethics Committee. Eberle believes that the decision taken by Carlo Schmid (CVP), the mayor of the canton and former member of the Council of States for Innerrhoden, was the right one. Schmid had canceled all Appenzeller-Zeitung subscriptions to the Innerrhoden administration and the Ethics Committee and shortly afterwards imposed an information ban on the paper with a circulation of 14,000 copies. According to Eberle, the editorial team will not be denied access to the council chamber.
