Blocher Sells Swiss Free Newspaper Group

Christoph Blocher, a prominent figure in Swiss right-wing politics and a former Justice Minister, has decided to divest his extensive free newspaper holdings. The Zeitungshaus AG, a conglomerate of over 20 publications, is being sold to Interact Media Group (IMG), a company known for its digital portal nau.ch. Blocher, 85, stated that the time is right to pass on responsibility, expressing confidence that IMG will continue to develop the print titles while guiding them into the digital future.

This move marks a significant shift for Blocher, who has been a powerful voice in Swiss media and politics for decades. While the financial terms of the deal remain undisclosed, Blocher's mother company, Robinvest, will acquire a 15% stake in IMG, signaling a continued interest in the media landscape. Furthermore, Blocher's daughter, Rahel, and Andreas Schaffner will be appointed to IMG's board of directors, ensuring a degree of family influence and continuity.

“

With IMG, we have found a partner who will continue these titles in print and at the same time guide them into the digital future.

The free newspapers under Zeitungshaus AG boast a combined print circulation of 700,000 copies, with a digital reach of four million monthly users. Notable titles include the Tagblatt der Stadt Zürich and the St. Galler Nachrichten. This sale reflects a broader trend in the media industry, where traditional print outlets are seeking new ownership and digital strategies to survive and thrive in an evolving market. For Switzerland, it signifies a changing of the guard in a segment of its media ownership.

“

Now is the right time to hand over responsibility to new hands.