100 percent work in Lucerne

Press LZ-Medien wants to take over the Zuger Presse in its entirety.
Presse as a weekly newspaper and since then it has also belonged to the Neue Luzerner
Zeitung AG (Neue LZ). At the end of last year, this company held 90.4 percent of the
acquired by the publisher Zuger Media. The remaining 9.6 percent
remained in the hands of around 300 small shareholders. But those who hold at least
90 percent of a company can, according to company law, control the other
shareholders to sell their shares. This is exactly what
the Neue LZ, like Erwin Bachmann, Board Delegate of LZ-Medien,
explained. In the last three months, Neue LZ has already
acquired a further 8 percent of Zuger Media and now holds around 99
percent.

But Bachmann wants Zug Media completely, because he wants to
merge with Neue LZ and then dissolve it, the publishing rights for the
Zug press are to go to Neue LZ. The date for the
Extraordinary General Meeting, at which the merger resolution was
is set for May 19, 2006. "It makes sense for us
no point in maintaining a second company," explained Bachmann
the step. For the Zuger Presse as a newspaper, however, this will change
nothing, it will remain as it has been since the beginning of
continued.   

Markus Knöpfli