LZ Medien Holding takes over Tourism Trend Media
The media group LZ Medien Holding (Neue Luzerner Zeitung) is taking over the Zurich publishing house Tourism Trend Media (TT Media) with retroactive effect from the beginning of 2009. The acquired publishing house will be merged with LZ Fachverlag.
The media group LZ Medien Holding (Neue Luzerner Zeitung) is taking over the Zurich-based publishing house Tourism Trend Media (TT Media) with retroactive effect from the beginning of 2009. The specialist publisher for the Swiss travel and tourism industry publishes the magazines "Schweizer Touristik", "Reise Blick" and "Art und Reise".
TT Media was already 25 percent owned by LZ Medien. The acquired publishing house will now be merged with LZ Fachverlag. Erwin Bachmann, CEO of LZ Medien Holding, was quoted in a press release on Friday as saying that the complete takeover would enable the publishing house to expand with strong specialist magazines. The new structure will also enable cost-efficient production.
TT Media owners Franz-Xaver Risi, Editor-in-Chief, and Guido Käppeli, Publishing Director, will retain their positions. The number of employees and the Zurich location will also remain unchanged. Daniel Ettlinger will remain Managing Director of LZ Fachverlag.
TT Media was already 25 percent owned by LZ Medien. The acquired publishing house will now be merged with LZ Fachverlag. Erwin Bachmann, CEO of LZ Medien Holding, was quoted in a press release on Friday as saying that the complete takeover would enable the publishing house to expand with strong specialist magazines. The new structure will also enable cost-efficient production.
TT Media owners Franz-Xaver Risi, Editor-in-Chief, and Guido Käppeli, Publishing Director, will retain their positions. The number of employees and the Zurich location will also remain unchanged. Daniel Ettlinger will remain Managing Director of LZ Fachverlag.
