Südostscheiz Media Group swallows BUDAG

 Südostscheiz Mediengruppe acquires the majority of the share capital of Buchdruckerei Davos (BUDAG). The 44 employees will continue to be employed. BUDAG publishes the Davoser Zeitung and Klosterser Zeitung newspapers and operates a commercial printing plant. The parties have agreed not to disclose the purchase price, according to an SDA press release. According to Südostschweiz publisher Hanspeter Lebrument, the Südostschweiz Media Group will continue to operate the two local newspapers and the printing plant at their current location in Davos. The current Delegate of the Board of Directors and Managing Director Peter Stiffler will continue to manage the company in the future. All other members of the Board of Directors have resigned, and Hanspeter Lebrument is being discussed as the new Chairman of the Board.