Ringier wants more Good News

Ringier and Deutsche Entertainment AG (DEAG) want to reorganize the ownership structure of Good News Productions. Ringier wants a 43 percent stake and a voting majority in Good News in future, DEAG is to reduce its stake to 52 percent and the managing director André Béchir is to retain 5 percent as before. DEAG previously held a 90 percent stake in Good News. Ringier announced on Tuesday that the reallocation is to take place in the sense of a long-term partnership. The event organizer Good News was founded in 1970 and organizes 80 to 100 events each year with around 800,000 visitors. With 20 employees, it generates a turnover of CHF 50 million.