Winterthur weekly newspaper has filed for insolvency
The Winterthur Stadtblatt is bankrupt. The publisher of the weekly newspaper of the same name, Guido Blumer, declared bankruptcy at the Winterthur- Altstadt bankruptcy office on Thursday.
The Winterthur Stadtblatt is bankrupt. The publisher of the weekly newspaper of the same name, Guido Blumer, declared bankruptcy at the Winterthur- Altstadt bankruptcy office on Thursday. The bankruptcy was triggered by the loss of a consultancy contract in the IT sector, he told SDA on request. This would have covered a large part of the debts amounting to around half a million francs. Due to the economic crisis, however, this contract could not be replaced.
Stadtblatt primarily owes money to the printing company and the distribution company. Former employees no longer have any outstanding claims. The Winterthur publisher wants to keep the Stadtblatt brand for the time being in order to possibly make a fresh start after the crisis.
Most recently, the local newspaper was distributed as a free Sunday paper to all 50,000 letterboxes in Winterthur. Then came the end in mid-2008. In a full-page Weltwoche advertisement in April 2009, Blumer sought generous sponsors for a new launch, but without success.
Stadtblatt primarily owes money to the printing company and the distribution company. Former employees no longer have any outstanding claims. The Winterthur publisher wants to keep the Stadtblatt brand for the time being in order to possibly make a fresh start after the crisis.
Most recently, the local newspaper was distributed as a free Sunday paper to all 50,000 letterboxes in Winterthur. Then came the end in mid-2008. In a full-page Weltwoche advertisement in April 2009, Blumer sought generous sponsors for a new launch, but without success.
