News: Basler Zeitung terminates partnership - future uncertain
The future of the commuter newspaper *News* is uncertain. According to a report in the *Sonntagszeitung*, the *Basler Zeitung*, as a 25-percent partner, has terminated its collaboration with the *Tagesanzeiger* and the *Berner Zeitung*.
Bad news for the commuter newspaper News. According to a report in the Sonntagszeitung, Basler Zeitung (BaZ), which holds 25 percent of the shares, has terminated its partnership with Tagesanzeiger and Berner Zeitung with effect from the end of June. Matthias Hagemann, Chairman of the Board of Directors of the Basler Zeitung Medien (BZM) group, has not yet officially confirmed the information, but as he recently told Bilanz, the existence of News is "under scrutiny".
The Basler Zeitung is suffering in particular from the sharp drop in advertising in June. As already known, the media company is looking for new cooperation partners. Tamedia, with which it already works, and NZZ are being considered. Hagemann told Sonntagsblick that talks are underway with both Zurich publishers.
The Basler Zeitung is suffering in particular from the sharp drop in advertising in June. As already known, the media company is looking for new cooperation partners. Tamedia, with which it already works, and NZZ are being considered. Hagemann told Sonntagsblick that talks are underway with both Zurich publishers.
