Kronen Zeitung: Family Dicany again sole owner!

Kronen Zeitung: Family Dicany again sole owner!

Österreich - The "Kronen Zeitung" now belongs entirely to the Duand family. The Funke media group sold its 50 percent share at the largest daily newspaper in Austria, and thus conduct Christoph Dichand and his siblings Johanna and Michael, each holding 12.5 percent of the shares, the business alone. Christoph Duand also acts as a editor and editor -in -chief of the newspaper, who reaches over two million readers every day. The agreement on the sale was made last week, but the final approval is still pending. It must be confirmed by committees and competition authorities; The Funke Group will remain shareholders by November.

The owners' structure of the "Kronen Zeitung" was shaped by a shareholder dispute for years. This conflict between the Duand family and the German co -partners is particularly about profit guarantees and took decades. The development in the negotiations started driving in 2023 when the Signa Holding, which was involved in the "Kronen Zeitung" through the Funke media group, registered bankruptcy. These circumstances have increased the pressure on an agreement.

The influence of the dicidos on the media market

Austria's media landscape is strongly concentrated and the Dichands are among the main actors in the tabloid area. In addition to the "Kronen Zeitung", the family also has the daily newspaper "Today". According to current reports, the "Kronen Zeitung" has the highest range of all daily newspapers in Austria with 22.3 percent. This underlines the important role that the Dichands play in the Austrian media sector, especially in a market in which the main owners are usually large families, the Catholic Church or Raiffeisen. It should also be noted that the Funke Mediengruppe and Signa Holding were one of the shareholders of the "Kronen Zeitung" and have extensive effects on the industry as a result of René Benkos Signa-Holding's bankruptcy.

The sudden end of the long partnership dispute enables the Duand family to act more independently again. It remains exciting how the ownership relationships develop, especially with regard to the shares of Helga Dichnd, Christoph's deceased mother. It will remain unclear here where the 12.5 percent could go while Christoph Duand is a favorite.

summarized, the buyback of the shares by the Dichands not only brings a return to family control, but also significant changes for the media landscape in Austria. The coming months will be decisive when it comes to approval of the agreement and the future strategic direction of the "Kronen Zeitung".

5min.at reports that ... explains that ... Contrast illuminates the context ...