“Radio Friborg Restructures Amid Financial Losses and Covid-19: Latest Developments and Future Plans”

2023-05-01 15:11:20

After a 2022 financial year marked by a loss of half a million francs, Radio Friborg is restructuring. Managing Director Thierry Savary will step down at the end of October, while remaining with the company. The radio will also eliminate 3.6 positions. In a press release issued Monday morning, the Friborg media questioned the consequences linked to the Covid-19 pandemic, the lack of support from the cantonal public authorities and the current economic crisis to explain a financially complicated year 2022. .

“This situation has led to a 30% drop in on the national market, while the volume of regional has reached our budget”, specifies the general manager of Radio Fribourg, Thierry Savary. “This situation forced the board of directors to take drastic measures (note: last year), to limit losses. The management therefore had to resolve to reduce or even eliminate positions in several sectors, ”explains the management of Radio Fribourg.

“In 2022, our loss reached 500,000 francs,” reveals Thierry Savary, interviewed by the Keystone-ATS press agency. To fill this gap, Radio Friborg “dismissed a collaborator at the level of the French-speaking program and did not fill two other positions, one within the German-speaking program, the other at the level of central services.” A 60% was also saved, several employees having agreed to reduce their working hours. These decisions, combined with the support of a shareholder, made it possible to end the 2022 financial year in equilibrium, without loss.

Markus Baumer new president

At the same time, a major restructuring took place within the management circles of the company, with the creation of a common management board of four people between RadioFr., MEDIAparc SA and Mediapub SA. Markus Baumer will take over the general management of MediaPub SA and RadioFr. next November 1. The current director general of the radio, Thierry Savary, has chosen to reduce his activities and reduce his working time to 50%. “However, he will remain a member of the Management Board and in the service of the RadioFr brand”, can we read in the press release.

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The ordinary general meeting of shareholders took note of the tense economic situation in which Radio Friborg operates. She accepted the 2022 accounts unanimously. The objective is to return, by 2023, to the healthy financial situation that the company was in before the pandemic.

Waiting for a new concession

Radio Friborg benefits from a broadcasting concession until December 31, 2024. It has completed an application file for the granting of a new broadcasting concession from January 1, 2025, valid for 10 years, of which the granting will not occur before the 4th quarter of this year.

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