The Tagblatt also took a look at my business practices: "He didn't give his competitors anything, even crumbs were too much for mercy." My only competitor in eastern Switzerland, the NZZ/Tagblatt group, is around 15 times bigger than us. Admittedly, we are a bit ahead of them in terms of EBITDA percentage, but marathon meetings and not too small boards of directors in St. Gallen and Zurich do cost a lot of money. So this Goliath complains that he was shortchanged in the advertising market because of us, David. As if it were my fault that the "Tagblatt" prefers to concentrate on the professional world rather than on readers and advertisers.
Why was it sold?
In order to survive in 20 years, we would austria rcs data have to be much bigger than we are today. We had several projects in the pipeline where we actually thought the necessary growth should be achievable. The disadvantage of all promising projects, however, is the horrendous investment sums in the double-digit millions. It is understandable to everyone that in today's not so secure times, as a single family with limited resources and as a person over 50, you are no longer as financially exposed in the media sector as we were in 2006 when you bought the titles.