Swiss media company CH Media will take over Swiss TV broadcaster 3 Plus.
The acquisition, of which financial details were not disclosed, makes CH Media the largest commercial Swiss TV group. The company owns TV24, TV25 and S1 as well as several regional TV channels.
3 Plus was founded 13 years ago by Dominik Kaiser and operates the TV channels 3+, 4+, 5+ and 6+.
“I am delighted that we are now not only number 1 in Swiss commercial radio, but also in Swiss commercial TV,” said Roger Elsener, CH Media managing director TV, radio and movie sales. “We believe in the future of video and entertainment. Together, we have even greater growth opportunities and will invest in new, innovative offerings.”
Dominik Kaiser will remain associated with CH Media as senior advisor and assist in the further development of the national TV business.
“CH Media is the ideal partner to lead the 3 Plus group into the future,” said Kaiser. “A further expansion of the existing channels is planned. This is a great opportunity for my great team. Together, the channels will continue to grow and make a difference in Switzerland.”