class=”sc-29f61514-0 icZBHN”>
After investing in leading media brands in Eastern Europe, Greece and Portugal, Swiss family company Ringier is also expanding its operations in Switzerland and acquiring Axel Springer’s shares in the Swiss joint venture Ringier Axel Springer Switzerland (RASCH).
Thus, Ringier will become the sole owner of a portfolio of 20 magazines and magazine titles with the highest reach in Switzerland, including Observer, Handelszeitung, Balance, Cash.ch, Tele, Schweizer Illustrierte, Landliebe, Glückspost, L’illustré. , PME et al. It was agreed that the sales price would not be disclosed.
For Axel Springer, the sale is the next step in the company’s digitalization strategy. In Poland, Ringier and Axel Springer remain connected as joint venture partners. Together, they have been operating digitally focused media and classifieds brands with high sales and EBITDA, such as Onet, Fakt, Newsweek, Forbes and Morizon.pl, for many years.
Traditional Swiss magazine and magazine titles come together with Blick Group and marketing company Ringier Advertising under the umbrella of “Ringier Medien Schweiz”.
Current Blick CEO Ladina Heimgartner will head the newly created business unit “Ringier Media Switzerland” with approximately 1,000 employees with immediate effect. He remains a member of the Group Executive Board of Ringier AG.
Marc Walder, CEO of Ringier AG: “With this transaction, we continue to invest in leading media brands from Eastern Europe, Greece and Portugal. Bringing together the Blick Group, a leader in news and sports, with the established, in-depth content of the Ringier-Axel Springer portfolio is a perfect strategic fit. Print publications maintain their strong profile. Digitally, we will generate significant added value for users and the advertising market thanks to the combination of broad reach on the one hand and powerful content on the other. I would like to thank Axel Springer for this successful journey together.”
Mathias Döpfner, CEO of Axel Springer SE: “Already almost 90 percent of our sales come from digital business. Our stated goal is to make Axel Springer a fully digital media company. It would therefore make sense for us to sell our shares in Ringier Axel Springer Switzerland, where 20 media brands are in excellent hands with Ringier. “We look forward to further collaboration and digital growth for our joint venture in Poland.”
Ladina Heimgartner, CEO Ringier Medien Schweiz and Head of Global Media: “I would like to thank Marc Walder, the Board of Directors and the Ringier family for their choice and trust. The new ‘Ringier Medien Schweiz’ unit contains exactly the building blocks that lead media companies to worldwide success: well-established brands with high reach, strong editorial teams, relevant content and a close connection between the media company and the marketing company. “I look forward to this fight, in which I fight with determination and due respect.”
Ladina Heimgartner has been on the Executive Board of the Ringier Group since February 2020 and currently leads the Blick Group as CEO and strategically manages the Ringier media portfolio in Central and Eastern Europe as Head of Global Media. Heimgartner previously worked at SRG SSR for 13 years, most recently as director and deputy of Radiotelevisiun Svizra Rumantscha. General manager. Ladina Heimgartner studied German and Romance and holds an EMBA in Management and Leadership.
Alexander Theobald, former CEO of Ringier Axel Springer Switzerland, COO of Ringier Switzerland and member of the Group Executive Board of Ringier AG, is stepping down from these positions and taking over the management and continuing to lead major strategic projects for the Ringier Group. Swiss printers as CEO. The space development project at the printing plant site in Zofingen will be the first focus here.
Alexander Theobald will continue to report to Ringier CEO Marc Walder in his new area of responsibility. Alexander Theobald has been COO of Ringier Axel Springer Schweiz AG and Ringier Switzerland since April 2020; he previously led the Blick Group as CEO from 2016 to 2020. He has also served as COO of Ringier Switzerland since 2016.
Marc Walder: «Alexander Theobald is one of the most experienced and successful media managers in the DACH region. Recently the Blick Group and Ringier Axel Springer Switzerland have further developed for us. Theobald will manage central projects for the Ringier Group in Zurich and Zofingen, among others, in the coming years.” Ringier CEO Marc Walder will now head the “Ringier Media International” division.
The acquisition of shares by Ringier AG is expected to be completed in 2023. Completion of the transaction is subject to approval by the Swiss Competition Commission (COMCO).
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
On the same day of the terrorist attack on the Krokus City Hall in Moscow,…
class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…
class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…
At least seven people have been killed and 57 injured in severe earthquakes in the…
The American space agency NASA would establish a uniform lunar time on behalf of the…
class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…