Zurich regional newspapers plan cross-shareholding
The Zürcher Oberländer and the Zürichsee-Zeitung plan to cooperate more closely in the future.
The Zurich regional newspapers Zürcher
Oberländer and Zürichsee-Zeitung want to cooperate more closely in future. Before
Recently, the Board of Directors of Zürcher Oberland Medien (ZOM)
decided to offer its shareholders a buyback of a maximum of 1800
ZOM shares at a price of CHF 850 each. This is intended to
cross-shareholding with Zürichsee Medien (ZSM).
They are to receive around 10 % of the ZOM shares. In return
ZOM will receive around 7 % from ZSM. "On the one hand, we want to
and expand our long-standing cooperation, on the other hand our
shareholders against unwanted takeovers," explained
ZOM Director Peter Edelmann told the Tages-Anzeiger.
The NZZ subsidiary currently holds 37 % of the ZOM shares
Freie Presse Holding and to 63 % owned by around 500
Small shareholders.
Oberländer and Zürichsee-Zeitung want to cooperate more closely in future. Before
Recently, the Board of Directors of Zürcher Oberland Medien (ZOM)
decided to offer its shareholders a buyback of a maximum of 1800
ZOM shares at a price of CHF 850 each. This is intended to
cross-shareholding with Zürichsee Medien (ZSM).
They are to receive around 10 % of the ZOM shares. In return
ZOM will receive around 7 % from ZSM. "On the one hand, we want to
and expand our long-standing cooperation, on the other hand our
shareholders against unwanted takeovers," explained
ZOM Director Peter Edelmann told the Tages-Anzeiger.
The NZZ subsidiary currently holds 37 % of the ZOM shares
Freie Presse Holding and to 63 % owned by around 500
Small shareholders.
