LZ Medien takes over Radio Pilatus completely
LZ Medien Holding is now the sole shareholder of Radio Pilatus. It acquired 100 percent of the station retroactively as of July 1, 2007. Even before that, the Central Swiss publishing house had been the radio station’s majority shareholder.
LZ Medien Holding is now the sole shareholder of Radio Pilatus. It took over 100 percent of the station retroactively as of July 1, 2007. LZ Medien was already the majority shareholder of the radio station: the publishing house had increased its stake from 41.6 to 52.6 percent at the end of 2006. It has now purchased the remaining share packages from various shareholders. The parties have agreed not to disclose the purchase price. The takeover will not result in any personnel or structural changes.
"Media, including radio, is our core business - especially in Central Switzerland. This has prompted us to seize the opportunity and invest more in the electronic media sector," Erwin Bachmann, Delegate of the Board of Directors of LZ Medien and Vice-Chairman of Radio Pilatus, is quoted as saying in a press release.
According to its own figures, Radio Pilatus AG achieved a turnover of CHF 7.6 million in 2006. The station employs 35 people.
"Media, including radio, is our core business - especially in Central Switzerland. This has prompted us to seize the opportunity and invest more in the electronic media sector," Erwin Bachmann, Delegate of the Board of Directors of LZ Medien and Vice-Chairman of Radio Pilatus, is quoted as saying in a press release.
According to its own figures, Radio Pilatus AG achieved a turnover of CHF 7.6 million in 2006. The station employs 35 people.
