Hagemann emphasizes independence of Basler Zeitung
Despite its partnership with Tamedia and Espace Media, Basler Zeitung Medien intends to remain independent with regard to the commuter newspaper *News*. This was stated by Board Chairman Matthias Hagemann on Friday during a press conference in Zurich, where the new free newspaper was unveiled.
Basler Zeitung Medien wants to remain independent despite the cooperation with Tamedia and Espace Media for the commuter newspaper News. Chairman of the Board of Directors Matthias Hagemann said this to the media in Zurich on Friday when the new free newspaper was presented. "For us, everything we do must follow the primary corporate objective of our company," emphasized Hagemann. "We want to secure the family majority in the long term and remain autonomous and independent." With News and the planned online network, Basler Zeitung will strengthen its position in the Swiss news market.
Tamedia holds a 50 percent stake in the new newspaper, Espace Media and Basler Zeitung Medien each hold 25 percent. Hagemann said that he was aware of the size of the company. Nevertheless, the Basler Zeitung would open up the second most important economic area in Switzerland for news.
Hagemann made these statements against the background of Tamedia's takeover of Bern-based Espace Media. In August 2007, the Competition Commission (Weko) approved the media deal. The merger to form the second-largest publishing house after Ringier should be completed this year.
Tamedia holds a 50 percent stake in the new newspaper, Espace Media and Basler Zeitung Medien each hold 25 percent. Hagemann said that he was aware of the size of the company. Nevertheless, the Basler Zeitung would open up the second most important economic area in Switzerland for news.
Hagemann made these statements against the background of Tamedia's takeover of Bern-based Espace Media. In August 2007, the Competition Commission (Weko) approved the media deal. The merger to form the second-largest publishing house after Ringier should be completed this year.
