CH Media increases profit to CHF 34.8 million in 2021
The media company CH Media increased its profit in 2021 by half compared to the previous year to CHF 34.8 million. The company's turnover from newspapers as well as TV and radio stations fell by 3 percent to CHF 415.7 million.
Thanks to the strict savings program, the use of synergies and a recovery in the advertising market in the second half of the year, the operating result increased significantly compared to the previous year, CH Media announced on Wednesday.
The company expects the situation to remain tense in the first half of the current year. The significant price increases in the paper and electricity markets are having a negative impact, it said.
No dividend due to state aid
CH Media and affiliated companies received CHF 4.5 million in emergency media aid for radio/TV in 2021 due to the coronavirus pandemic. The media company will therefore not be distributing a dividend for the 2021 financial year.
It paid CHF 1.7 million in emergency media aid back to the state for the previous year. According to previous figures, the company had received a total of CHF 6.9 million. CH Media was established in fall 2018 as a joint venture between the NZZ Media Group and AZ Medien. (SDA)
