Goldbach sells Radio Energy Zurich to Ringier
Switzerland's largest publishing house is acquiring a 51% stake in Radio Energy Zurich from the Goldbach Media Group. Goldbach Media intends to focus entirely on the advertising marketing of private electronic media in future. The parties have agreed not to disclose the purchase price.
Switzerland's largest publishing house is acquiring a 51% stake in Radio Energy Zurich from the Goldbach Media Group. Goldbach Media intends to focus entirely on the advertising marketing of private electronic media in future. The parties have agreed not to disclose the purchase price.
If Bakom does not veto the deal, it will be perfect: Ringier is taking over Radio Energy Zurich. The minority stake of 49 percent will remain with the NRJ Group, meaning that integration into the European network will not be affected by the sale, as Ringier announced in a press release on Thursday. The positioning and orientation of the station will also remain unchanged, and no personnel changes are expected. For Ringier CEO Martin Werfeli, it is a classic win-win situation: "The integration into the Ringier Group will make Radio Energy Zurich stronger and our media offering in Switzerland even more diverse".
With the sale, Goldbach Media is completely withdrawing from the publishing media business. From now on, the company will focus entirely on advertising marketing for electronic media. The marketing of Energy Zurich will also continue to be handled exclusively by Goldbach. "The fact that Radio Energy Zurich is one of the leading radio stations in Switzerland," says Klaus Kappeler, CEO of Goldbach and Chairman of the Board of Directors of the station, "is thanks to the ambitious, creative employees and their innovative program ideas. We are delighted with the continuing success of Radio Energy Zurich and are indebted to the entire team."
The NRJ Group, represented by Francis Rivollet, NRJ Managing Director in Switzerland, is also looking forward to the collaboration with Ringier: "This new partner will enable Radio Energy Zurich to further expand its reach in the Zurich region."
If Bakom does not veto the deal, it will be perfect: Ringier is taking over Radio Energy Zurich. The minority stake of 49 percent will remain with the NRJ Group, meaning that integration into the European network will not be affected by the sale, as Ringier announced in a press release on Thursday. The positioning and orientation of the station will also remain unchanged, and no personnel changes are expected. For Ringier CEO Martin Werfeli, it is a classic win-win situation: "The integration into the Ringier Group will make Radio Energy Zurich stronger and our media offering in Switzerland even more diverse".
With the sale, Goldbach Media is completely withdrawing from the publishing media business. From now on, the company will focus entirely on advertising marketing for electronic media. The marketing of Energy Zurich will also continue to be handled exclusively by Goldbach. "The fact that Radio Energy Zurich is one of the leading radio stations in Switzerland," says Klaus Kappeler, CEO of Goldbach and Chairman of the Board of Directors of the station, "is thanks to the ambitious, creative employees and their innovative program ideas. We are delighted with the continuing success of Radio Energy Zurich and are indebted to the entire team."
The NRJ Group, represented by Francis Rivollet, NRJ Managing Director in Switzerland, is also looking forward to the collaboration with Ringier: "This new partner will enable Radio Energy Zurich to further expand its reach in the Zurich region."
