XPost: alt.politics.clinton, alt.politics.democrats, alt.news-media
XPost: misc.survivalism
From: hunterbiden@gmail.com

ZURICH, Aug 17 (Reuters) - CNN Money Switzerland (CNNMS) will
cease operations and file for bankruptcy after the coronavirus
pandemic hit revenues, the Swiss business media company said on
Monday.

While audience figures for the company�s audiovisual programmes
rose sharply over the past six months, revenues contracted as
business partners hit by the crisis cancelled or postponed
contracts, CNNMS said in a statement.

Its board of directors came to the conclusion on Sunday that the
uncertainty surrounding the economy and the future of the Swiss
media market did not point to �a sustainable profitability
solution� for the channel�s activities, CNNMS said.

The probation commissioner will preside over the liquidation of
the company, CNNMS said.

Launched in January 2018, CNNMS is managed by a privately owned
Swiss media company and has 25 employees. It is the only Swiss
partner of the Turner/CNN Group brands. (Reporting by Silke
Koltrowitz; Editing by Mark Potter)

Our Standards: The Thomson Reuters Trust Principles.

https://www.reuters.com/article/swiss-media-cnn-money/business- media-firm-cnn-money-switzerland-files-for-bankruptcy-
idUSL8N2FJ4EL
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* Origin: www.darkrealms.ca (1:229/2)