Basel media group sold
by Swisster Staff
February 8, 2010 | 11:53
The Basler Zeitung media group (BZM) is being sold by its owners the Hagemann family and PubliGroupe to a pair of private investors, the group announced on Monday.
The new owners of the Basel-based publisher are Ticino financier Tito Tettamani, who is buying 75 percent of the group, and Martin Wagner, a Basel lawyer, who is acquiring the other 25 percent.
The group includes 14 different companies, including one that publishes Basle’s leading daily newspaper.
The Basler Zeitung has a circulation of 88,000.
BZM employs 1,200 people and recorded turnover of 263 million francs in 2008-09.
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