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Switzerland’s Ringier Shuts Down Its Financial Free Newspaper CASH As The Advertising Downturn Coupled With Lack Of Subscription Revenue Continues To Hobble Free Newspapers
Philip M. Stone March 19, 2009
Even in financially strong Switzerland where the franc rose to such levels a week ago that the Swiss National Bank stepped into the markets to buy foreign currencies -- basically trying to devalue the franc a bit -- the plight of newspapers is little different from elsewhere. Ad revenue is way down, some big media groups are merging, and even Ringier, biggest of all Swiss publishers, is closing down its free financial news tabloid.
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