AZ Medien sells majority stake in Radio 32
Due to legal requirements, AZ Medien is divesting itself of its majority stake in Radio 32: 20 percent each will go to Lagerhäuser in Buchs, Central Switzerland, and to Netbasket in Zug. The Zofinger Tagblatt and Gassmann will each acquire an additional 5 percent.
All new owners come from the distribution area of Radio 32 and are anxious to maintain and further develop the journalistic orientation of the radio station, according to a statement by AZ Medien on Wednesday. AZ Medien still holds 11.2 percent of Radio 32. With the sale of the share packages, AZ Medien fulfilled a provision of the RTVG, according to which a media company may not own more than two radios. Because the main shareholder of AZ Medien, BT Holding, will own two radios, Radio Argovia and the recently acquired Radio 24, once the license has been transferred, the sale of a majority stake in Radio 32 has become unavoidable.
The shareholder structure of Radio 32 is now as follows: Dietschi 21.90 percent, Zofinger Tagblatt 21.82 percent, Lagerhäuser 20 percent, Netbasket 20 percent, AZ Medien 11.28 percent and Gassmann 5.0 percent. Board members Philip Funk and Peter Wanner will step down as representatives of AZ Medien at the upcoming Extraordinary General Meeting. Newly proposed for election to the Board of Directors are Stéphane Meyer (Aarau) and Stephan Glättli (Olten).
The approval of the Uvek for these share sales remains reserved.
