Battle lines sets for digital media
ZURICH, SWITZERLAND – Tamedia, Switzerland’s largest newspaper publisher, is feeling the pinch that is hitting the rest of the journalism world, and it reportedly plans to cut costs. The media group will trim CHF34 million from its budget, according to RTS, Swiss French language public broadcasting, which hints at a battle brewing between senior management at four newspapers in French-speaking Switzerland and owner Tamedia: Le Temps, Tribune de Genève, 24 Heures and Le Matin, over the larger-than-fair cuts at French language publications.
The newspapers were part of Edipresse, the country’s second largest media group, until it was bought out by Tamedia in April 2011.
Tamedia reported a 15 percent drop in profits when it published 2012 financial figures 21 March, compared to 2011. Net income fell to CHF152 million, with the company’s CEO, Pietro Supino, noting that 2012 was “a challenging year”.
Newspapers repeat claim that Internet is their domain, not broadcasting’s
What RTS doesn’t mention, but Supino put up front in his report to investors, is that he is declaring war on public broadcasting, after first Edipresse and then Tamedia managers have made rumbling noises for years about government funds going to TV and radio:
Tamedia is reported by RTS to be planning to cut 100 journalism jobs.
Swiss newspaper circulation has been falling steadily since 2006.