CH Media wants to save CHF 20 million

CH Media wants to increase efficiency and sustainably reduce its cost base by 20 million Swiss francs by the end of 2024. This is intended to ensure the company's future viability in economically uncertain times, the company announced.

The program is the company's response to rising energy, paper and labor costs, as well as to a generally uncertain economic situation due to the Russian war of aggression in Ukraine. The program is intended to ensure the future viability of CH Media and, in particular, to enable long-term investments in the digitization of the publishing offerings and the further expansion of the Entertainment segment. The goal of the program is to sustainably reduce the cost base by CHF 20 million by the end of 2024. To this end, the identified measures will be initiated on a rolling basis by summer 2023 following an initial analysis phase.