CH Media plans streaming service for its TV channels
CH Media plans to distribute its television channels via a streaming service in the future. Switzerland's largest private TV operator confirmed a report in the Tamedia Group's newspapers.
Nathalie Enseroth from Corporate Communications told the Keystone-SDA news agency on Tuesday that CH Media was right to expand its offerings on digital platforms. According to her, it was unclear when the streaming service would be launched. It was also unclear how much the services will cost and what content will be streamed.
Enseroth went on to say that the company is examining various options for the streaming service. These include collaborations with other platforms and companies, such as SRG. CH Media believes that users would appreciate it if all Swiss TV content were available on one platform.
Like all media companies, CH Media has been affected by the slump in advertising revenue due to the coronavirus crisis. The company has introduced short-time working. There is no talk of job cuts at the TV stations; CH Media wants to be prepared for future expansion.
CH Media acquired the channels of the 3-Plus Group (3+, 4+, 5+ and 6+) in fall 2019. The parties have agreed not to disclose the price. The media company also operates local TV stations and has been the largest provider of private television in Switzerland since the takeover of 3-Plus. According to its own figures, the channels have a market share of 10.5 percent. The fee-financed SRG has 25 percent.
CH Media is a media company that was established in fall 2018 as a joint venture between the NZZ media group and publisher Peter Wanner's AZ Medien. NZZ contributed its regional media to the joint venture. (SDA)
