In 2018, AZ Medien still posted a loss of CHF 2.2 million. In the 2019 financial year, the media company generated consolidated sales of CHF 246 million, two million more than in 2018. The operating result amounted to CHF 6.5 million.
Corona crisis looms
In the wake of the Corona crisis, the current year is proving difficult, the media company announced on Wednesday. AZ Medien and the joint venture CH Media with the NZZ regional media have introduced short-time working. In view of the situation, the Board of Directors is proposing that no dividend be paid.
Peter Wanner, publisher and Chairman of the Board of Directors of AZ Medien, said in the communiqué that CH Media had got off to a good start in a challenging environment. The online portal Watson had exceeded expectations.
Regarding the Corona crisis, Wanner said that advertising revenues had declined significantly. CH Media expects a drop in sales in the double-digit million range by the middle of the year.
First full CH-Media financial year solidly concluded
2019 was the first full financial year of CH Media, the joint venture between AZ Medien and the NZZ regional media. AZ Medien holds a 50 percent stake in it. In addition, the licensed TV stations Tele M1 and TeleBärn as well as the online portal Watson belong to AZ Medien.
In autumn 2019, the Group acquired the TV stations of the 3-Plus Group (3+, 4+, 5+ and 6+). The parties agreed not to disclose the price. With the acquisition, the company became the largest private TV operator in Switzerland. AZ Medien also owns a publishing house for non-fiction books. (SDA)