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Ringier sells Slovak assets

Swiss publisher Ringier AG reached an agreement to sell its range of TV Guides in Romania, the Czech Republic, and Slovakia to Heinrich Bauer publishing. Ringier’s spokeswoman in Slovakia, Svetlana Suchá, said that another publisher, Axel Springer, would take over Ringier’s products in Switzerland.

So far, the parties have refused to comment on the deal, especially its price, citing “strategic plans”. But according to Suchá, the growth of electronic information on television programming means that only very large publishing companies have the sufficient resources to compete nowadays.

Bauer publishing is taking over the Slovak TV magazines Eurotelevízia, Telemagazín and TV Max.

Compiled by Zuzana Vilikovská from press reports
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