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Media Press Summit 2010. Overview. April 3rd, 1948: First publication of the Westdeutsche Allgemeine (WAZ) newspaper with a circulation of 312,000 copies. Publishers of this first edition and founders of the WAZ Media Group were: Erich Brost and Jakob Funke. Overview.
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Media Press Summit 2010 WAZ Mediengruppe
Overview • April 3rd, 1948: First publication of the Westdeutsche Allgemeine(WAZ) newspaper with a circulation of 312,000 copies. Publishers of this first edition and founders of the WAZ Media Group were: Erich Brost and Jakob Funke WAZ Mediengruppe
Overview • Today the WAZ Media Group is one of the largest • German publishing companies. • With approx. 29 daily and 19 weekly newspapers, 186 special-interest and trade magazines, 99 advertising papers and approx. 400 customer magazines in nine countries and 17,000 employees, the WAZ Media Group is also internationally one of the major media companies. In addition, the group owns • 14 printing works in Germany and abroad. • The foreign activities in the newspaper and magazine business focus in South-East Europe on Bulgaria, Hungary, Croatia, Serbia, Macedonia, Russia, Albania and in Central Europe on Austria. WAZ Mediengruppe
WAZ Business Model • Four daily newspapers in North-Rhine Westfalia • - Westdeutsche Allgemeine Zeitung (WAZ) - Neue Ruhr / Neue Rhein Zeitung (NRZ) - Westfälische Rundschau (WR) - Westfalenpost (WP) • Reach: a total of 2.14 million readers WAZ Mediengruppe
WAZ Business Model • newspapers share the administration function in • logistics • advertising business • purchasing • general administration • IT • Printing • editorial independence and autonomy WAZ Mediengruppe
WAZ Business Model • „Only newspapers which are financially independent • are editorially independent.“ Bodo Hombach Managing Director, WAZ Media Group WAZ Mediengruppe
WAZ Business Model in South Eastern Europe • WAZ has been successful with its business model • in South Eastern Europe as well • e. g. • - Hungary • Pannon Lapok Társasága reaching more than • 200,000 readers with five regional daily newspapers • - Bulgaria • two largest daily newspapers in the country, • ‘Dneven Trud’ and ‘24 Chasa’ and various magazines WAZ Mediengruppe
WAZ Business Model in South Eastern Europe • - Croatia • Europe Press Holding EPH • publishes the second-largest daily newspaper • in the country, ‘Jutarnji List’, • and a large number of journals • - Macedonia • Media Print Macedonia • - Albania • participation in TV-broadcaster ‘Vizion+’ WAZ Mediengruppe
Crisis in global economy • Challenges in South Eastern Europe and Germany • drop in the volume of advertisements • structural adjustment • New strategy in North-Rhine Westfalia • Content Desk • editors-in-chief are still independent WAZ Mediengruppe
Producing Journalism • The WAZ Media Group regards itself • as a producer of quality journalism • leave the distribution channel • up to the customer • printed matter / online / mobile / TV / radio WAZ Mediengruppe
Journalistic Principles • The founders of the WAZ Media Group, Erich Brost and Jakob Funke, were always completely and consciously committed to • a free and independent journalism. • By signing their Code of Conduct in Essen • in 2007, the WAZ Media Group created • a positive stir across the whole • of Germany. This type of self-regulation • is still a rarity in the German • media industry. WAZ Mediengruppe
Journalistic Principles • In July 2003, the WAZ Media Group and the OSCE agreed on the • “Principles for Guaranteeing Editorial Independence” • WAZ Media Group signed a ‘Framework Agreement on the Defence and Promotion of Press Freedom, Quality Journalism and Sound Industrial Relations’ with the International Federation of Journalists (IFJ). • The WAZ Media Group and the IFJ also award the ‘WAZ/IFJ Award for Courageous Journalism’ to reward journalism that demonstrates exemplary courage and professionalism in the investigation of corruption and abuse of power despite intimidation and pressure. WAZ Mediengruppe
Media Market in South Eastern Europe • Oligarchs buy media businesses to acquire political influence, • to push their economical interests and not to make money • This threads the freedom of the press and undermines • quality journalism WAZ Mediengruppe
Concluding Statement • Only media which is independent • can supply quality journalism WAZ Mediengruppe