Ringier Romania posts loss, expects more shrinking in print advertising
More than half of the publisher's revenues came from copy sales, while the rest came from advertising sales. Ringier's printing houses have generated additional revenues too.
Ringier Romania has recently sold newspaper Evenimentul Zilei and weekly magazine Capital to a firm controlled by Romanian investor Bobby Paunescu.
The Swiss group posted EUR 907 million in revenues last year, a drop of 15.6 percent on 2008, and made a profit of EUR 12 million, down on the EUR 43.4 million profit displayed a year before.
Ringier Romania still runs the Libertatea tabloid newspaper and glossy magazines Bolero, Unica, Bravo, Bravo Girl and Libertatea pentru Femei (Libertatea for Women).