BMG slims down
Curti Medien Holding on the brink of dissolution
Curti Medien Holding on the brink of dissolutionThe Basler Mediengruppe (BMG) streamlined itself in September: Following the definitive transfer of the Winterthur printing plant and the ColorServ company to Ringier, internal financial transactions in the double-digit million range were also carried out. Specifically, the share capital of Basler Mediengruppe Holding was reduced from CHF 24.9 million to CHF 1.245 million and, according to Meyer, invested in operating companies. Meyer did not want to say which ones and whether the new Weltwoche was one of the beneficiaries.
The money had previously been tied up within BMG Holding in the practically inactive Curti Medien Holding (CMH) as an AK, which is not even listed in official BMG organization charts. It is
as an umbrella over Jean Frey AG and several smaller companies, a remnant of the takeover in the mid-1990s. In the BMG structures, however, CMH is now just a superfluous and until recently overcapitalized link between the parent company in Basel and its subsidiary Jean Frey AG. The boards of directors of CMH and Jean Frey are also identical in terms of personnel, which ties up unnecessary human resources, says Meyer. The dissolution of CMH is therefore being clarified and is probably only a matter of time. In fact, CMH was virtually cleaned up before the reduction in the number of employees in September: CM Anlagen AG in Meilen was taken over by BMG and ABC Verlag was incorporated into Jean Frey AG.
The BMG CEO speaks of an organizational restructuring and "streamlining". "We're only at the beginning," he says, but doesn't want to reveal any more. Just this much: duplication is to be eliminated and the organization made more efficient. Markus Knöpfli
The money had previously been tied up within BMG Holding in the practically inactive Curti Medien Holding (CMH) as an AK, which is not even listed in official BMG organization charts. It is
as an umbrella over Jean Frey AG and several smaller companies, a remnant of the takeover in the mid-1990s. In the BMG structures, however, CMH is now just a superfluous and until recently overcapitalized link between the parent company in Basel and its subsidiary Jean Frey AG. The boards of directors of CMH and Jean Frey are also identical in terms of personnel, which ties up unnecessary human resources, says Meyer. The dissolution of CMH is therefore being clarified and is probably only a matter of time. In fact, CMH was virtually cleaned up before the reduction in the number of employees in September: CM Anlagen AG in Meilen was taken over by BMG and ABC Verlag was incorporated into Jean Frey AG.
The BMG CEO speaks of an organizational restructuring and "streamlining". "We're only at the beginning," he says, but doesn't want to reveal any more. Just this much: duplication is to be eliminated and the organization made more efficient. Markus Knöpfli
