Mecom sells publishing houses, Dumont plans far-reaching merger
The British media holding company Mecom is selling all of its German newspapers to the newspaper publisher Dumont. The Cologne-based publishing house Dumont Schauberg buys the Berliner Zeitung and a number of other titles.
The Cologne-based publishing house Dumont Schauberg buys the Berliner Zeitung and a number of other titles. The British media holding company Mecom sells all its German newspapers to the newspaper publisher. Mecom owns the Berliner Verlag with Berliner Zeitung and Berliner Kurier as well as the Hamburger Morgenpost. The group also owns ten websites, including Netzeitung.de.
Dumont is paying 152 million euros to the British company, as Mecom announced in London on Tuesday. The sale is expected to be completed in the first quarter, although the antitrust authorities still have to give their approval. According to a report by SDA, Mecom is heavily indebted and therefore has a strong economic interest in the sale succeeding.
The Cologne-based publishing house has also taken over the ailing Frankfurter Rundschau. According to a report by the industry service Kress, Dumont Schauberg is aiming for a far-reaching merger of the Frankfurter Rundschau with the Berliner Zeitung.
Dumont is paying 152 million euros to the British company, as Mecom announced in London on Tuesday. The sale is expected to be completed in the first quarter, although the antitrust authorities still have to give their approval. According to a report by SDA, Mecom is heavily indebted and therefore has a strong economic interest in the sale succeeding.
The Cologne-based publishing house has also taken over the ailing Frankfurter Rundschau. According to a report by the industry service Kress, Dumont Schauberg is aiming for a far-reaching merger of the Frankfurter Rundschau with the Berliner Zeitung.
