Switzerland

Tamedia gets green light for Home.ch acquisition

In Switzerland Tamedia received good news this week: the country’s Federal Competition Commission (WEKO) approved the acquisition of real estate site Home.ch by Tamedia’s leading real estate classifieds subsidiary Homegate AG. Tamedia bought real estate portal Home.ch in September for an undisclosed sum from LTV Gelbe Seiten AG, operator of leading web directory Local.ch, which...

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Merger of Local.ch and Search.ch not yet cut and dry

What was intended to be a marriage in heaven, and a stand against Google’s dominance in web search in Switzerland – the planned merger between Swisscom’s web directory Local.ch and Tamedia’s subsidiary Search.ch AG – is now the object of a detailed examination by the Swiss Competition Commission (WEKO). As we reported in August WEKO gave greenlight to...

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Tamedia creates new position of CTO Digital

Swiss media company Tamedia created a group-wide IT management position and named Thomas Gresch as new CTO Digital. He will start in the new position in January 2015. The 39-years old Gresch is an IT expert and brings in work experience as head of engineering at Local.ch, the web directory Tamedia hopes to jointly operate with Swisscom after the takeover of Publigroupe this summer. Gresch will...

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Rumors of Ricardo Switzerland sale linger

blackjack games For some days now rumors have been doing the rounds in Swiss business media that media company Naspers is considering to sell Switzerland’s leading e-commerce marketplace Ricardo.ch to free capital for further investment in emerging markets in Asia and Africa. Last Friday Bloomberg quoted (here) two inside sources who said Naspers was in “early-stage...

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Tamedia with positive results thanks to digital

Swiss media group Tamedia managed to grow its revenue in the first half of FY2014, thanks mostly to organic growth of its division Digital Business and cost-cutting by the units Print Regional and National. Revenue for H1 of FY2014 were up 3 percent to CHF 551.4 million from CHF 536.8 million. The operating income (EBIT) rose by 14.8 percent to CHF 73.2 million and earnings grew 8.2 percent to...

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Change in marketing management at Scout24 Switzerland

Swiss Scout24 Schweiz AG, the joint-venture classifieds company of Ringier Digital AG and German Deutsche Telekom has announced a replacement in its board of directors. The company has appointed Andreas Schrag, who will replace Frank Gerber as new Chief Marketing Officer (CMO). In the press note Scout24 states that Gerber, who has been responsible for all marketing activities of the Swiss...

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