LZ Medien Holding takes over Zuger Presse
The former competitor of the Neue Zuger Zeitung is being converted into a free weekly newspaper.
Main shareholder Daniel Brunner has
stake in Zuger Media AG sold to LZ Medien Holding.
Together with the shares acquired from Elisabeth Brunner-Gyr, the company owns
the publisher of the Neue Luzerner Zeitung now 90.4 %. Under the
new owner, the chronically crisis-ridden Zug press will be
undergoes a radical overhaul. It will become a free newspaper and will be published from
At the beginning of 2006 only once instead of three times a week, with a circulation of
of over 40,000 copies. A collaboration has been agreed with the Zug-based
planned. The Baar free weekly newspaper is to be expanded and will be published by the
more comprehensive range of information from the Zug press. Daniel
Brunner decided to sell in order to secure the future of the newspaper.
to secure the future of the company, according to a press release. He is convinced that their
This step will also secure a long-term place in the canton of Zug
and jobs - albeit on a reduced scale - could be created.
remain intact. The Zug press will maintain its independent
journalistic orientation as well as the concept of the critical, regional
and locally oriented quality journalism, it says
further. The newspaper was founded in 1996 in order to establish a
second local newspaper alongside the Neue Zuger Zeitung from LZ
media.
stake in Zuger Media AG sold to LZ Medien Holding.
Together with the shares acquired from Elisabeth Brunner-Gyr, the company owns
the publisher of the Neue Luzerner Zeitung now 90.4 %. Under the
new owner, the chronically crisis-ridden Zug press will be
undergoes a radical overhaul. It will become a free newspaper and will be published from
At the beginning of 2006 only once instead of three times a week, with a circulation of
of over 40,000 copies. A collaboration has been agreed with the Zug-based
planned. The Baar free weekly newspaper is to be expanded and will be published by the
more comprehensive range of information from the Zug press. Daniel
Brunner decided to sell in order to secure the future of the newspaper.
to secure the future of the company, according to a press release. He is convinced that their
This step will also secure a long-term place in the canton of Zug
and jobs - albeit on a reduced scale - could be created.
remain intact. The Zug press will maintain its independent
journalistic orientation as well as the concept of the critical, regional
and locally oriented quality journalism, it says
further. The newspaper was founded in 1996 in order to establish a
second local newspaper alongside the Neue Zuger Zeitung from LZ
media.
